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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Elequin Capital
New York
|
+$3.67M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$2.07M |
| 3 |
HBT
Hills Bank & Trust
North Liberty,
Iowa
|
+$1.99M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$1.93M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$846K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$3.84M |
| 2 |
AUB
Atlantic Union Bankshares
Glen Allen,
Virginia
|
-$3.17M |
| 3 |
VA
VestGen Advisors
Inverness,
Illinois
|
-$2.5M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.01M |
| 5 |
FCAS
First Command Advisory Services
Fort Worth,
Texas
|
-$359K |
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.