Invesco BulletShares 2026 Municipal Bond ETF
BSMQ
148 hedge funds and large institutions have $216M invested in Invesco BulletShares 2026 Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 76 increasing their positions, 29 reducing their positions, and 6 closing their positions.
162% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 29
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
6% more capital invested
Capital invested by funds: $204M → $216M (+$12.7M)
5% more funds holding
Funds holding: 141 → 148 (+7)
1.36% more ownership
Funds ownership: 69.94% → 71.3% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$2.9M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$2.82M |
| 3 |
HBT
Hills Bank & Trust
North Liberty,
Iowa
|
+$1.91M |
| 4 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
+$1.38M |
| 5 |
EC
Elequin Capital
New York
|
+$1.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$4.27M |
| 2 |
Goldman Sachs
New York
|
-$4.01M |
| 3 |
OFS
OneAscent Financial Services
Birmingham,
Alabama
|
-$3.34M |
| 4 |
VA
VestGen Advisors
Inverness,
Illinois
|
-$2.01M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$903K |
BSMQ Hedge Fund Activity: Q4 2025 in Review
148 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) for Q4 2025, worth a combined $216M — up 6.2% from $204M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BSMQ positions and 6 closed out — a net gain of 9 holders — while 76 added to existing stakes and 29 trimmed.
The largest buyer was Thrivent Financial for Lutherans, adding an estimated $2.9M. The largest seller was Commonwealth Equity Services, cutting an estimated $4.27M.
- 148 institutional investors held Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) as of Q4 2025, up from 141 in Q3 2025.
- Funds reported $216M of Invesco BulletShares 2026 Municipal Bond ETF stock for Q4 2025, up 6.2% quarter-over-quarter.
- 15 funds opened new Invesco BulletShares 2026 Municipal Bond ETF positions in Q4 2025 and 6 closed out, a net change of +9 holders.
- The largest Invesco BulletShares 2026 Municipal Bond ETF buyer in Q4 2025 was Thrivent Financial for Lutherans, an estimated $2.9M added.
- The largest Invesco BulletShares 2026 Municipal Bond ETF seller in Q4 2025 was Commonwealth Equity Services, an estimated $4.27M sold.
Based on aggregated 13F filings for Q4 2025.