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Invesco BulletShares 2026 Municipal Bond ETF
BSMQ

142 hedge funds and large institutions have $190M invested in Invesco BulletShares 2026 Municipal Bond ETF in 2025 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 60 increasing their positions, 41 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

46% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 41

3% more funds holding

Funds holding: 138 → 142 (+4)

1% more capital invested

Capital invested by funds: $188M → $190M (+$2.13M)

4.15% less ownership

Funds ownership: 69.58% → 65.44% (-4.1%)

Holders
142
Holders Change
+4
Holders Change %
+2.9%
% of All Funds
1.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
60
Reduced
41
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$1.83M
2
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$1.26M
3
Bank of America
Bank of America
North Carolina
+$1.1M
4
MA
MONECO Advisors
Connecticut
+$948K
5
IWC
Integrated Wealth Concepts
Massachusetts
+$859K

Top Sellers

Rank Fund Capital Flow
1
AI
Atria Investments
North Carolina
-$2.2M
2
SA
Sanctuary Advisors
Indiana
-$2.17M
3
Morgan Stanley
Morgan Stanley
New York
-$1.07M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$970K
5
FFN
Focus Financial Network
Minnesota
-$929K
Name Holding Trade Value Shares
Change 		Change in
Stake
JCM
101
Jacobi Capital Management
Pennsylvania
$287K +$56.3K +2,400 +25%
PFS
102
Prospera Financial Services
Texas
$286K +$47 +2 +0%
PTC
103
Private Trust Company
Ohio
$286K -$92.7K -3,950 -25%
EWA
104
EP Wealth Advisors
California
$283K -$102K -4,356 -27%
FIM
105
Freedom Investment Management
Connecticut
$281K -$13.2K -564 -5%
WB
106
Webster Bank
Connecticut
$277K -$40K -1,705 -13%
VVP
107
Venture Visionary Partners
Ohio
$268K – – –
NPAN
108
Northeast Planning Associates NH
New Hampshire
$261K +$29.9K +1,276 +13%
WWM
109
Western Wealth Management
Colorado
$257K +$256K +10,900 New
EH
110
Equitable Holdings
New York
$254K -$58.4K -2,490 -19%
Carson Wealth (CWM LLC)
111
Carson Wealth (CWM LLC)
Nebraska
$254K +$1.69K +72 +0.7%
SFG
112
SNS Financial Group
Minnesota
$250K +$249K +10,620 New
ASN
113
Advisory Services Network
Georgia
$244K +$244K +10,410 New
KBFS
114
Kohmann Bosshard Financial Services
Ohio
$243K – – –
Ameriprise
115
Ameriprise
Minnesota
$242K +$241K +10,254 New
LC
116
Landaas & Company
Wisconsin
$235K +$234K +9,986 New
AWM
117
Avior Wealth Management
Nebraska
$226K – – –
BCM
118
Brookstone Capital Management
Illinois
$223K +$2.13K +91 +1%
DAS
119
Diversify Advisory Services
Utah
$216K +$1.55K +66 +0.7%
AWM
120
Axxcess Wealth Management
California
$212K +$211K +8,993 New
CSP
121
Cary Street Partners
Virginia
$211K – – –
MA
122
Mutual Advisors
Nebraska
$210K +$210K +8,935 New
FF
123
Francis Financial
$203K – – –
FFG
124
Foundry Financial Group
New Hampshire
$200K – – –
CBT
125
Crews Bank & Trust
Florida
$200K – – –
3 4
5
6 7

BSMQ Hedge Fund Activity: Q2 2025 in Review

142 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) for Q2 2025, worth a combined $190M — up 1.1% from $188M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BSMQ positions and 8 closed out — a net gain of 7 holders — while 60 added to existing stakes and 41 trimmed.

The largest buyer was LPL Financial, adding an estimated $1.83M. The largest seller was Atria Investments, exiting entirely with an estimated $2.2M sold.

  • 142 institutional investors held Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) as of Q2 2025, up from 138 in Q1 2025.
  • Funds reported $190M of Invesco BulletShares 2026 Municipal Bond ETF stock for Q2 2025, up 1.1% quarter-over-quarter.
  • 15 funds opened new Invesco BulletShares 2026 Municipal Bond ETF positions in Q2 2025 and 8 closed out, a net change of +7 holders.
  • The largest Invesco BulletShares 2026 Municipal Bond ETF buyer in Q2 2025 was LPL Financial, an estimated $1.83M added.
  • The largest Invesco BulletShares 2026 Municipal Bond ETF seller in Q2 2025 was Atria Investments, an estimated $2.2M sold.

Based on aggregated 13F filings for Q2 2025.