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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
BFA
76
Bill Few Associates
Pennsylvania
$405K – – –
VAMG
77
Voisard Asset Management Group
Michigan
$402K – – –
KV
78
Kickstand Ventures
New York
$402K – – –
LC
79
Landaas & Company
Wisconsin
$400K +$114K +4,844 +40%
CA
80
CGN Advisors
Kansas
$395K -$405K -17,186 -51%
HWM
81
Horizons Wealth Management
North Carolina
$387K +$9.98K +423 +3%
HWM
82
Howard Wealth Management
Connecticut
$365K +$17.7K +750 +5%
WWA
83
Wingate Wealth Advisors
Massachusetts
$358K +$2.5K +106 +0.7%
CW
84
Cooksen Wealth
Texas
$352K – – –
JCM
85
Jacobi Capital Management
Pennsylvania
$351K +$61.3K +2,600 +21%
WA
86
Waverly Advisors
Alabama
$345K +$84.9K +3,600 +33%
Thrivent Financial for Lutherans
87
Thrivent Financial for Lutherans
Minnesota
$332K -$1.06M -45,034 -76%
Baird Financial Group
88
Baird Financial Group
Wisconsin
$322K +$321K +13,591 New
PFS
89
Prospera Financial Services
Texas
$311K +$3.07K +130 +1%
WWM
90
Western Wealth Management
Colorado
$310K +$94.4K +4,000 +44%
BEI
91
Benjamin Edwards Inc
Missouri
$301K +$21.9K +930 +8%
CA
92
Clearstead Advisors
Ohio
$299K +$298K +12,642 New
SWM
93
Silverlake Wealth Management
Vermont
$278K – – –
SFG
94
SNS Financial Group
Minnesota
$252K – – –
CBA
95
Coastal Bridge Advisors
Connecticut
$243K +$40.5K +1,718 +20%
CBTWT
96
Community Bank & Trust (Waco, Texas)
Texas
$220K +$220K +9,317 New
HNB
97
Huntington National Bank
Ohio
$216K – – –
WB
98
Webster Bank
Connecticut
$216K +$100K +4,250 +87%
NFG
99
Nations Financial Group
Iowa
$214K +$213K +9,047 New
Wealth Enhancement Advisory Services
100
Wealth Enhancement Advisory Services
Minnesota
$210K -$154K -6,546 -42%
2 3
4
5 6

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.