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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
1.75%
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

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

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
Brown Advisory
51
Brown Advisory
Maryland
$1.1M – – –
RSA
52
River Street Advisors
Illinois
$1.09M +$570K +24,014 +108%
WA
53
Waverly Advisors
Alabama
$997K +$78.6K +3,310 +9%
WJA
54
Willis Johnson & Associates
Texas
$997K +$1M +42,151 New
KAS
55
Kestra Advisory Services
Texas
$967K -$75.4K -3,176 -7%
VWWMG
56
Vermillion & White Wealth Management Group
Pennsylvania
$923K +$3.54K +149 +0.4%
MWM
57
Meridian Wealth Management
Kentucky
$921K – – –
WB
58
Webster Bank
Connecticut
$915K +$100K +4,225 +12%
ACM
59
AlphaStar Capital Management
North Carolina
$902K +$831 +35 +0.1%
AWM
60
Accurate Wealth Management
Florida
$900K +$141K +5,929 +18%
LC
61
Landaas & Company
Wisconsin
$873K +$100K +4,219 +13%
SVWA
62
Sarver Vrooman Wealth Advisors
Missouri
$853K +$2.73K +115 +0.3%
Cetera Investment Advisers
63
Cetera Investment Advisers
Illinois
$766K +$202K +8,518 +36%
WAP
64
Wealthcare Advisory Partners
Pennsylvania
$755K – – –
OFS
65
OneAscent Financial Services
Alabama
$751K +$753K +31,746 New
OSNBOA
66
Old Second National Bank of Aurora
Illinois
$745K +$624K +26,306 +506%
MWM
67
Marietta Wealth Management
Georgia
$723K +$7.12K +300 +1%
SC
68
Savant Capital
Illinois
$720K -$10.2K -429 -1%
HGA
69
Hobbs Group Advisors
South Carolina
$695K +$87.2K +3,673 +14%
SPA
70
Sentinel Pension Advisors
Massachusetts
$687K +$20.3K +857 +3%
FCAS
71
First Command Advisory Services
Texas
$649K +$177K +7,452 +37%
WA
72
WESPAC Advisors
California
$612K – – –
HWM
73
Howard Wealth Management
Connecticut
$589K +$71.3K +3,005 +14%
Lido Advisors
74
Lido Advisors
California
$575K – – –
OIA
75
OneDigital Investment Advisors
Kansas
$569K – – –
1 2
3
4 5

BSMR Hedge Fund Activity: Q1 2026 in Review

142 of the 8,125 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.