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Invesco BulletShares 2027 Municipal Bond ETF
BSMR

122 hedge funds and large institutions have $191M invested in Invesco BulletShares 2027 Municipal Bond ETF in 2025 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 71 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

294% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 18

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

9% more capital invested

Capital invested by funds: $175M → $191M (+$16.2M)

2% more funds holding

Funds holding: 120 → 122 (+2)

1.3% more ownership

Funds ownership: 68.33% → 69.63% (+1.3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
122
Holders Change
+2
Holders Change %
+1.67%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
11
Increased
71
Reduced
18
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SF
Summit Financial
New Jersey
+$5.06M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$2.12M
3
Wells Fargo
Wells Fargo
California
+$1.1M
4
Ameriprise
Ameriprise
Minnesota
+$1.06M
5
S
SignatureFD
Georgia
+$1.06M

Top Sellers

Rank Fund Capital Flow
1
EC
Elequin Capital
New York
-$2.09M
2
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$1.06M
3
AI
Atria Investments
North Carolina
-$1.03M
4
FFN
Focus Financial Network
Minnesota
-$661K
5
CA
CGN Advisors
Kansas
-$405K
Name Holding Trade Value Shares
Change 		Change in
Stake
VWWMG
51
Vermillion & White Wealth Management Group
Pennsylvania
$803K – – –
WAP
52
Wealthcare Advisory Partners
Pennsylvania
$755K -$30.7K -1,300 -4%
SC
53
Savant Capital
Illinois
$730K +$448 +19 +0.1%
MWM
54
Marietta Wealth Management
Georgia
$716K +$209K +8,865 +41%
AWM
55
Accurate Wealth Management
Florida
$714K +$171K +7,266 +32%
SFG
56
Sterling Financial Group
California
$672K +$235K +9,976 +54%
SPA
57
Sentinel Pension Advisors
Massachusetts
$666K +$401 +17 +0.1%
KOC
58
Koss-Olinger Consulting
Florida
$646K – – –
WA
59
WESPAC Advisors
California
$612K – – –
HGA
60
Hobbs Group Advisors
South Carolina
$610K +$75.3K +3,193 +14%
Lido Advisors
61
Lido Advisors
California
$575K – – –
OIA
62
OneDigital Investment Advisors
Kansas
$569K – – –
YP
63
YANKCOM Partnership
South Dakota
$550K – – –
AFA
64
AA Financial Advisors
Ohio
$540K +$307 +13 +0.1%
PAG
65
Private Advisor Group
New Jersey
$534K +$111K +4,723 +26%
TF
66
TLWM Financial
Texas
$525K -$4.46K -189 -0.8%
AA
67
Addison Advisors
Vermont
$523K +$48.2K +2,044 +10%
RSA
68
River Street Advisors
Illinois
$497K +$235K +9,980 +90%
SG
69
StoneX Group
New York
$485K -$37.8K -1,603 -7%
LPT
70
Legacy Private Trust
Wisconsin
$482K +$217K +9,190 +82%
SPIA
71
Steward Partners Investment Advisory
New York
$475K +$262K +11,114 +124%
BPA
72
Beacon Pointe Advisors
California
$434K +$52.4K +2,221 +14%
HI
73
Harbour Investments
Wisconsin
$434K +$3.07K +130 +0.7%
HT
74
Heritage Trust
Oklahoma
$429K +$47.5K +2,014 +12%
Cetera Investment Advisers
75
Cetera Investment Advisers
Illinois
$426K +$53.2K +2,255 +14%
1 2
3
4 5

BSMR Hedge Fund Activity: Q3 2025 in Review

122 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2027 Municipal Bond ETF (BSMR) for Q3 2025, worth a combined $191M — up 9.2% from $175M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BSMR positions and 8 closed out — a net gain of 3 holders — while 71 added to existing stakes and 18 trimmed.

The largest buyer was Summit Financial, opening a new position worth an estimated $5.06M. The largest seller was Elequin Capital, exiting entirely with an estimated $2.09M sold.

  • 122 institutional investors held Invesco BulletShares 2027 Municipal Bond ETF (BSMR) as of Q3 2025, up from 120 in Q2 2025.
  • Funds reported $191M of Invesco BulletShares 2027 Municipal Bond ETF stock for Q3 2025, up 9.2% quarter-over-quarter.
  • 11 funds opened new Invesco BulletShares 2027 Municipal Bond ETF positions in Q3 2025 and 8 closed out, a net change of +3 holders.
  • The largest Invesco BulletShares 2027 Municipal Bond ETF buyer in Q3 2025 was Summit Financial, an estimated $5.06M added.
  • The largest Invesco BulletShares 2027 Municipal Bond ETF seller in Q3 2025 was Elequin Capital, an estimated $2.09M sold.

Based on aggregated 13F filings for Q3 2025.