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Invesco BulletShares 2027 Municipal Bond ETF
BSMR

142 hedge funds and large institutions have $237M invested in Invesco BulletShares 2027 Municipal Bond ETF in 2026 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 72 increasing their positions, 27 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 27

50% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 12

12% more capital invested

Capital invested by funds: $211M → $237M (+$25.3M)

4% more funds holding

Funds holding: 137 → 142 (+5)

2.08% more ownership

Funds ownership: 70.83% → 72.9% (+2.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
142
Holders Change
+5
Holders Change %
+3.65%
% of All Funds
1.74%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
18
Increased
72
Reduced
27
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$4.32M
2
Raymond James Financial
Raymond James Financial
Florida
+$3.13M
3
TJHA
Thomas J. Herzfeld Advisors
Florida
+$2.28M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$1.78M
5
HighTower Advisors
HighTower Advisors
Illinois
+$1.69M

Top Sellers

Rank Fund Capital Flow
1
CIM
Confluence Investment Management
Missouri
-$5.77M
2
EC
Elequin Capital
New York
-$3.68M
3
STA
Summit Trail Advisors
New York
-$792K
4
KOC
Koss-Olinger Consulting
Florida
-$770K
5
SA
Sanctuary Advisors
Indiana
-$687K
Name Holding Trade Value Shares
Change 		Change in
Stake
Focus Partners Wealth
26
Focus Partners Wealth
Massachusetts
$2.67M +$24.8K +1,045 +0.9%
Ameriprise
27
Ameriprise
Minnesota
$2.55M +$804K +33,895 +45%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$2.48M -$132K -5,582 -5%
KCM
29
Kathmere Capital Management
Pennsylvania
$2.47M -$516K -21,753 -17%
TJHA
30
Thomas J. Herzfeld Advisors
Florida
$2.28M +$2.28M +96,212 New
VA
31
VestGen Advisors
Illinois
$2.19M -$94K -3,960 -4%
S
32
SignatureFD
Georgia
$2.13M +$59.9K +2,522 +3%
Northwestern Mutual Wealth Management
33
Northwestern Mutual Wealth Management
Wisconsin
$1.98M +$716K +30,181 +57%
PWM
34
Paulson Wealth Management
Illinois
$1.86M +$447K +18,835 +32%
CWM
35
Cornerstone Wealth Management
Missouri
$1.68M +$67.9K +2,863 +4%
MML Investors Services
36
MML Investors Services
Massachusetts
$1.64M -$440K -18,557 -21%
Jones Financial Companies
37
Jones Financial Companies
Missouri
$1.63M +$319K +13,446 +24%
EH
38
Equitable Holdings
New York
$1.63M +$42K +1,768 +3%
Stifel Financial
39
Stifel Financial
Missouri
$1.63M -$186K -7,829 -10%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$1.6M +$69.8K +2,943 +5%
LPT
41
Legacy Private Trust
Wisconsin
$1.36M +$582K +24,512 +74%
ACA
42
Aptus Capital Advisors
Alabama
$1.28M +$254K +10,722 +25%
PAG
43
Private Advisor Group
New Jersey
$1.26M +$624K +26,282 +97%
FNB
44
Farmers National Bank
Kentucky
$1.21M +$7.48K +315 +0.6%
FF
45
Farnam Financial
Arizona
$1.17M +$49.8K +2,100 +4%
APA
46
Astoria Portfolio Advisors
New York
$1.14M -$498 -21 -0%
SPIA
47
Steward Partners Investment Advisory
New York
$1.14M +$67.2K +2,833 +6%
CAPTRUST Financial Advisors
48
CAPTRUST Financial Advisors
North Carolina
$1.12M +$1.47K +62 +0.1%
PFG
49
PAX Financial Group
Texas
$1.12M +$3.42K +144 +0.3%
CAM
50
Clark Asset Management
New Hampshire
$1.11M +$4.49K +189 +0.4%
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BSMR Hedge Fund Activity: Q1 2026 in Review

142 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2027 Municipal Bond ETF (BSMR) for Q1 2026, worth a combined $237M — up 12% from $211M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new BSMR positions and 12 closed out — a net gain of 6 holders — while 72 added to existing stakes and 27 trimmed.

The largest buyer was Bank of America, adding an estimated $4.32M. The largest seller was Confluence Investment Management, exiting entirely with an estimated $5.77M sold.

  • 142 institutional investors held Invesco BulletShares 2027 Municipal Bond ETF (BSMR) as of Q1 2026, up from 137 in Q4 2025.
  • Funds reported $237M of Invesco BulletShares 2027 Municipal Bond ETF stock for Q1 2026, up 12% quarter-over-quarter.
  • 18 funds opened new Invesco BulletShares 2027 Municipal Bond ETF positions in Q1 2026 and 12 closed out, a net change of +6 holders.
  • The largest Invesco BulletShares 2027 Municipal Bond ETF buyer in Q1 2026 was Bank of America, an estimated $4.32M added.
  • The largest Invesco BulletShares 2027 Municipal Bond ETF seller in Q1 2026 was Confluence Investment Management, an estimated $5.77M sold.

Based on aggregated 13F filings for Q1 2026.