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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
KOCAA
126
Knights of Columbus Asset Advisors
Connecticut
$166K – – –
OSNBOA
127
Old Second National Bank of Aurora
Illinois
$135K -$50K -2,133 -27%
LFG
128
Larson Financial Group
Missouri
$126K – – –
WSFS
129
Wilmington Savings Fund Society
Delaware
$99.3K +$98.8K +4,214 New
Comerica Bank
130
Comerica Bank
Texas
$72.4K – – –
FFA
131
Farther Finance Advisors
California
$71.3K +$33.5K +1,426 +89%
AIM
132
Anchor Investment Management
South Carolina
$70.7K – – –
PS
133
Principal Securities
Iowa
$68.9K -$24.4K -1,039 -26%
MCM
134
MAI Capital Management
Ohio
$32.4K +$235 +10 +0.7%
CAL
135
Capital Analysts LLC
Pennsylvania
$31K – – –
IA
136
IFP Advisors
Florida
$26.6K -$15.9K -677 -37%
SPIA
137
Steward Partners Investment Advisory
New York
$25K +$24.9K +1,060 New
AF
138
Advisornet Financial
Minnesota
$21.5K – – –
OP
139
ORG Partners
Indiana
$20K – – –
NSG
140
Nalls Sherbakoff Group
Tennessee
$18.5K +$70 +3 +0.4%
GWM
141
Geneos Wealth Management
Colorado
$8.84K -$8.8K -375 -50%
HIA
142
Harbor Investment Advisory
Maryland
$3.53K – – –
Fidelity Investments
143
Fidelity Investments
Massachusetts
$1.62K -$3.5K -149 -68%
AI
144
Atria Investments
North Carolina
– -$2.2M -93,156 Closed
MWA
145
Midland Wealth Advisors
Illinois
– -$266K -11,273 Closed
SPC
146
Sigma Planning Corp
Michigan
– -$263K -11,157 Closed
FTUS
147
Flow Traders U.S.
New York
– -$257K -10,882 Closed
GS
148
GWN Securities
Florida
– -$211K -8,931 Closed
LA
149
Latitude Advisors
Florida
– -$211K -8,931 Closed
PFG
150
Pinnacle Financial Group
Illinois
– -$200K -8,475 Closed
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.