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Invesco BulletShares 2026 Municipal Bond ETF
BSMQ

140 hedge funds and large institutions have $200M invested in Invesco BulletShares 2026 Municipal Bond ETF in 2025 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 69 increasing their positions, 33 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

109% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 33

5% more capital invested

Capital invested by funds: $190M → $200M (+$10.3M)

3.35% more ownership

Funds ownership: 65.44% → 68.79% (+3.4%)

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

1% less funds holding

Funds holding: 142 → 140 (-2)

Holders
140
Holders Change
-2
Holders Change %
-1.41%
% of All Funds
1.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
69
Reduced
33
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$7.26M
2
SF
Summit Financial
New Jersey
+$5M
3
Bank of America
Bank of America
North Carolina
+$1.15M
4
Ameriprise
Ameriprise
Minnesota
+$1.09M
5
HBT
Hills Bank & Trust
Iowa
+$1.08M

Top Sellers

1
CVA
Central Valley Advisors
California
-$3.86M
2
Morgan Stanley
Morgan Stanley
New York
-$3.55M
3
OFS
OneAscent Financial Services
Alabama
-$3.11M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$1.27M
5
FFN
Focus Financial Network
Minnesota
-$922K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$15.2M +$69.8K +2,962 +0.5%
LPL Financial
2
LPL Financial
California
$12.1M +$232K +9,850 +2%
Bank of America
3
Bank of America
North Carolina
$9.21M +$1.15M +49,000 +14%
Invesco
4
Invesco
Georgia
$7.84M +$848K +35,981 +12%
Morgan Stanley
5
Morgan Stanley
New York
$7.36M -$3.55M -150,805 -33%
Goldman Sachs
6
Goldman Sachs
New York
$7.28M +$7.26M +308,022 New
Truist Financial
7
Truist Financial
North Carolina
$7.21M +$150K +6,365 +2%
Commonwealth Equity Services
8
Commonwealth Equity Services
Massachusetts
$6.88M -$12.5K -532 -0.2%
SF
9
Summit Financial
New Jersey
$5.01M +$5M +211,934 New
Osaic Holdings
10
Osaic Holdings
Arizona
$4.94M +$930K +39,447 +23%
UBS Group
11
UBS Group
Switzerland
$4.89M +$684K +29,012 +16%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$4.71M +$68.4K +2,900 +1%
AUB
13
Atlantic Union Bankshares
Virginia
$4.12M +$212K +9,013 +5%
IWC
14
Integrated Wealth Concepts
Massachusetts
$4.06M +$537K +22,772 +15%
NA
15
NewEdge Advisors
Louisiana
$3.97M +$176K +7,483 +5%
Raymond James Financial
16
Raymond James Financial
Florida
$3.74M -$17K -720 -0.5%
ADL
17
Asset Dedication LLC
California
$3.5M +$387K +16,417 +12%
VA
18
VestGen Advisors
Illinois
$3.45M -$90.5K -3,838 -3%
Envestnet Asset Management
19
Envestnet Asset Management
Illinois
$3.26M -$755K -32,033 -19%
MA
20
MONECO Advisors
Connecticut
$3.14M +$70.6K +2,994 +2%
PWP
21
Precedent Wealth Partners
Texas
$3.04M +$415K +17,592 +16%
HBT
22
Hills Bank & Trust
Iowa
$2.93M +$1.08M +45,760 +59%
CIM
23
Confluence Investment Management
Missouri
$2.49M -$131K -5,572 -5%
KFI
24
Key Financial Inc
Pennsylvania
$2.41M -$49.9K -2,115 -2%
Focus Partners Wealth
25
Focus Partners Wealth
Massachusetts
$2.39M +$273K +11,601 +13%
1
2 3 4 5

BSMQ Hedge Fund Activity: Q3 2025 in Review

140 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) for Q3 2025, worth a combined $200M — up 5.4% from $190M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BSMQ and 10 opened new positions — a net loss of 1 holder — while 33 trimmed existing stakes and 69 added.

The largest buyer was Goldman Sachs, opening a new position worth an estimated $7.26M. The largest seller was Central Valley Advisors, cutting an estimated $3.86M.

  • 140 institutional investors held Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) as of Q3 2025, down from 142 in Q2 2025.
  • Funds reported $200M of Invesco BulletShares 2026 Municipal Bond ETF stock for Q3 2025, up 5.4% quarter-over-quarter.
  • 10 funds opened new Invesco BulletShares 2026 Municipal Bond ETF positions in Q3 2025 and 11 closed out, a net change of -1 holder.
  • The largest Invesco BulletShares 2026 Municipal Bond ETF buyer in Q3 2025 was Goldman Sachs, an estimated $7.26M added.
  • The largest Invesco BulletShares 2026 Municipal Bond ETF seller in Q3 2025 was Central Valley Advisors, an estimated $3.86M sold.

Based on aggregated 13F filings for Q3 2025.