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Invesco BulletShares 2027 Municipal Bond ETF
BSMR

114 hedge funds and large institutions have $166M invested in Invesco BulletShares 2027 Municipal Bond ETF in 2025 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 61 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

239% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 18

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

20% more capital invested

Capital invested by funds: $138M → $166M (+$28M)

6% more funds holding

Funds holding: 108 → 114 (+6)

0.77% more ownership

Funds ownership: 70.31% → 71.08% (+0.77%)

Holders
114
Holders Change
+6
Holders Change %
+5.56%
% of All Funds
1.53%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
15
Increased
61
Reduced
18
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CVA
Central Valley Advisors
California
+$4.39M
2
Wells Fargo
Wells Fargo
California
+$2.67M
3
Jane Street
Jane Street
New York
+$1.95M
4
HBT
Hills Bank & Trust
Iowa
+$1.14M
5
PWP
Precedent Wealth Partners
Texas
+$1.01M

Top Sellers

Rank Fund Capital Flow
1
FWM
Fortress Wealth Management
California
-$1.22M
2
KCM
Kathmere Capital Management
Pennsylvania
-$523K
3
IAA
Independent Advisor Alliance
North Carolina
-$419K
4
SC
Savant Capital
Illinois
-$323K
5
KF
Krilogy Financial
Missouri
-$291K
Name Holding Trade Value Shares
Change 		Change in
Stake
HBT
26
Hills Bank & Trust
Iowa
$1.85M +$1.14M +48,240 +160%
HighTower Advisors
27
HighTower Advisors
Illinois
$1.51M +$91.1K +3,853 +6%
MML Investors Services
28
MML Investors Services
Massachusetts
$1.42M +$553K +23,390 +63%
CA
29
CGN Advisors
Kansas
$1.36M -$4.82K -204 -0.4%
APA
30
Astoria Portfolio Advisors
New York
$1.32M +$185K +7,808 +16%
Stifel Financial
31
Stifel Financial
Missouri
$1.3M +$153K +6,477 +13%
CWM
32
Cornerstone Wealth Management
Missouri
$1.29M +$107K +4,532 +9%
PFG
33
PAX Financial Group
Texas
$1.28M +$148K +6,263 +13%
FFN
34
Focus Financial Network
Minnesota
$1.2M +$963K +40,727 +402%
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$1.17M +$74.4K +3,147 +7%
FF
36
Farnam Financial
Arizona
$1.11M +$49.9K +2,110 +5%
FNB
37
Farmers National Bank
Kentucky
$1.1M +$32.5K +1,375 +3%
Brown Advisory
38
Brown Advisory
Maryland
$1.1M – – –
VWWMG
39
Vermillion & White Wealth Management Group
Pennsylvania
$1.1M +$180K +7,591 +19%
EH
40
Equitable Holdings
New York
$1.08M +$110K +4,660 +11%
PWM
41
Paulson Wealth Management
Illinois
$1.05M +$21K +887 +2%
S
42
SignatureFD
Georgia
$1M +$850K +35,950 +535%
ACA
43
Aptus Capital Advisors
Alabama
$1M +$25.7K +1,088 +3%
KAS
44
Kestra Advisory Services
Texas
$990K +$49.2K +2,081 +5%
ACM
45
AlphaStar Capital Management
North Carolina
$951K -$213K -9,010 -18%
Toronto Dominion Bank
46
Toronto Dominion Bank
Ontario, Canada
$951K +$20.8K +878 +2%
HGA
47
Hobbs Group Advisors
South Carolina
$908K -$615 -26 -0.1%
CAPTRUST Financial Advisors
48
CAPTRUST Financial Advisors
North Carolina
$888K +$402K +16,983 +82%
SVWA
49
Sarver Vrooman Wealth Advisors
Missouri
$829K +$832K +35,185 New
FCAS
50
First Command Advisory Services
Texas
$801K +$39.6K +1,674 +5%
1
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3 4 5

BSMR Hedge Fund Activity: Q1 2025 in Review

114 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2027 Municipal Bond ETF (BSMR) for Q1 2025, worth a combined $166M — up 20% from $138M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BSMR positions and 8 closed out — a net gain of 7 holders — while 61 added to existing stakes and 18 trimmed.

The largest buyer was Central Valley Advisors, opening a new position worth an estimated $4.39M. The largest seller was Fortress Wealth Management, exiting entirely with an estimated $1.22M sold.

  • 114 institutional investors held Invesco BulletShares 2027 Municipal Bond ETF (BSMR) as of Q1 2025, up from 108 in Q4 2024.
  • Funds reported $166M of Invesco BulletShares 2027 Municipal Bond ETF stock for Q1 2025, up 20% quarter-over-quarter.
  • 15 funds opened new Invesco BulletShares 2027 Municipal Bond ETF positions in Q1 2025 and 8 closed out, a net change of +7 holders.
  • The largest Invesco BulletShares 2027 Municipal Bond ETF buyer in Q1 2025 was Central Valley Advisors, an estimated $4.39M added.
  • The largest Invesco BulletShares 2027 Municipal Bond ETF seller in Q1 2025 was Fortress Wealth Management, an estimated $1.22M sold.

Based on aggregated 13F filings for Q1 2025.