We are live on ! Find out more
BSMR icon

Invesco BulletShares 2027 Municipal Bond ETF
BSMR

137 hedge funds and large institutions have $211M invested in Invesco BulletShares 2027 Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 75 increasing their positions, 15 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

533% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 3

400% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 15

12% more funds holding

Funds holding: 122 → 137 (+15)

10% more capital invested

Capital invested by funds: $191M → $211M (+$20.1M)

1.19% more ownership

Funds ownership: 69.63% → 70.83% (+1.2%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
137
Holders Change
+15
Holders Change %
+12.3%
% of All Funds
1.67%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
19
Increased
75
Reduced
15
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EC
Elequin Capital
New York
+$3.67M
2
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$2.07M
3
HBT
Hills Bank & Trust
Iowa
+$1.99M
4
HighTower Advisors
HighTower Advisors
Illinois
+$1.93M
5
Invesco
Invesco
Georgia
+$846K

Top Sellers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$3.84M
2
AUB
Atlantic Union Bankshares
Virginia
-$3.17M
3
VA
VestGen Advisors
Illinois
-$2.5M
4
Wells Fargo
Wells Fargo
California
-$1.01M
5
FCAS
First Command Advisory Services
Texas
-$359K
Name Holding Trade Value Shares
Change 		Change in
Stake
VWWMG
51
Vermillion & White Wealth Management Group
Pennsylvania
$923K +$116K +4,908 +14%
MWM
52
Meridian Wealth Management
Kentucky
$922K – – –
WA
53
Waverly Advisors
Alabama
$919K +$574K +24,257 +166%
ACM
54
AlphaStar Capital Management
North Carolina
$902K -$139K -5,888 -13%
SVWA
55
Sarver Vrooman Wealth Advisors
Missouri
$850K +$3.9K +165 +0.5%
WB
56
Webster Bank
Connecticut
$816K +$600K +25,350 +278%
STA
57
Summit Trail Advisors
New York
$792K +$792K +33,451 New
LPT
58
Legacy Private Trust
Wisconsin
$781K +$299K +12,643 +62%
LC
59
Landaas & Company
Wisconsin
$774K +$374K +15,791 +93%
KOC
60
Koss-Olinger Consulting
Florida
$770K +$119K +5,021 +18%
AWM
61
Accurate Wealth Management
Florida
$761K +$45.9K +1,939 +6%
WAP
62
Wealthcare Advisory Partners
Pennsylvania
$755K – – –
SC
63
Savant Capital
Illinois
$730K +$426 +18 +0.1%
MWM
64
Marietta Wealth Management
Georgia
$716K – – –
SFA
65
Sequoia Financial Advisors
Ohio
$672K +$672K +28,399 New
SPA
66
Sentinel Pension Advisors
Massachusetts
$667K +$379 +16 +0.1%
AFA
67
AA Financial Advisors
Ohio
$640K +$100K +4,230 +19%
PAG
68
Private Advisor Group
New Jersey
$640K +$105K +4,439 +20%
WA
69
WESPAC Advisors
California
$612K – – –
HGA
70
Hobbs Group Advisors
South Carolina
$609K -$1.68K -71 -0.3%
Lido Advisors
71
Lido Advisors
California
$575K – – –
OIA
72
OneDigital Investment Advisors
Kansas
$569K – – –
Cetera Investment Advisers
73
Cetera Investment Advisers
Illinois
$565K +$138K +5,837 +32%
YP
74
YANKCOM Partnership
South Dakota
$550K – – –
AA
75
Addison Advisors
Vermont
$532K +$9.58K +405 +2%
1 2
3
4 5

BSMR Hedge Fund Activity: Q4 2025 in Review

137 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2027 Municipal Bond ETF (BSMR) for Q4 2025, worth a combined $211M — up 10% from $191M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BSMR positions and 3 closed out — a net gain of 16 holders — while 75 added to existing stakes and 15 trimmed.

The largest buyer was Elequin Capital, opening a new position worth an estimated $3.67M. The largest seller was Commonwealth Equity Services, cutting an estimated $3.84M.

  • 137 institutional investors held Invesco BulletShares 2027 Municipal Bond ETF (BSMR) as of Q4 2025, up from 122 in Q3 2025.
  • Funds reported $211M of Invesco BulletShares 2027 Municipal Bond ETF stock for Q4 2025, up 10% quarter-over-quarter.
  • 19 funds opened new Invesco BulletShares 2027 Municipal Bond ETF positions in Q4 2025 and 3 closed out, a net change of +16 holders.
  • The largest Invesco BulletShares 2027 Municipal Bond ETF buyer in Q4 2025 was Elequin Capital, an estimated $3.67M added.
  • The largest Invesco BulletShares 2027 Municipal Bond ETF seller in Q4 2025 was Commonwealth Equity Services, an estimated $3.84M sold.

Based on aggregated 13F filings for Q4 2025.