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Invesco BulletShares 2028 Municipal Bond ETF
BSMS

40 hedge funds and large institutions have $43.9M invested in Invesco BulletShares 2028 Municipal Bond ETF in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 6 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 3

217% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 6

21% more funds holding

Funds holding: 33 → 40 (+7)

6% less capital invested

Capital invested by funds: $46.7M → $43.9M (-$2.81M)

7.23% less ownership

Funds ownership: 71.98% → 64.75% (-7.2%)

Holders
40
Holders Change
+7
Holders Change %
+21.21%
% of All Funds
0.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
19
Reduced
6
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFG
Sterling Financial Group
California
+$2.48M
2
IWC
Integrated Wealth Concepts
Massachusetts
+$888K
3
LPL Financial
LPL Financial
California
+$684K
4
CG
Colony Group
Massachusetts
+$572K
5
UBS Group
UBS Group
Switzerland
+$565K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$9.62M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.3M
3
Jane Street
Jane Street
New York
-$806K
4
LPT
Legacy Private Trust
Wisconsin
-$271K
5
CIM
Confluence Investment Management
Missouri
-$172K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$350K +$20.1K +858 +6%
HWM
27
Horizons Wealth Management
North Carolina
$341K +$57.4K +2,447 +20%
AA
28
Addison Advisors
Vermont
$296K +$298K +12,685 New
AWM
29
Avior Wealth Management
Nebraska
$280K +$53.6K +2,285 +24%
KOC
30
Koss-Olinger Consulting
Florida
$264K +$266K +11,317 New
Northwestern Mutual Wealth Management
31
Northwestern Mutual Wealth Management
Wisconsin
$240K +$74.5K +3,176 +45%
CAPTRUST Financial Advisors
32
CAPTRUST Financial Advisors
North Carolina
$230K +$231K +9,846 New
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$230K +$231K +9,825 New
CPC
34
Cookson Peirce & Co
Pennsylvania
$228K +$229K +9,764 New
CAM
35
Clark Asset Management
New Hampshire
$228K +$1.48K +63 +0.7%
NAM
36
NorthCrest Asset Manangement
Minnesota
$227K – – –
RJA
37
Raymond James & Associates
Florida
$226K +$227K +9,691 New
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$189K – – –
BFEC
39
Benjamin F. Edwards & Company
Missouri
$165K – – –
HNB
40
Huntington National Bank
Ohio
$46.8K – – –
OP
41
ORG Partners
Indiana
$19.9K +$19.9K +850 New
Susquehanna International Group
42
Susquehanna International Group
Pennsylvania
– -$1.3M -55,044 Closed
CCP
43
Carmel Capital Partners
California
– -$142K -6,000 Closed
ASN
44
Advisory Services Network
Georgia
– -$19.8K -837 Closed
1
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BSMS Hedge Fund Activity: Q2 2023 in Review

40 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2028 Municipal Bond ETF (BSMS) for Q2 2023, worth a combined $43.9M — down 6% from $46.7M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BSMS positions and 3 closed out — a net gain of 7 holders — while 19 added to existing stakes and 6 trimmed.

The largest buyer was Sterling Financial Group, adding an estimated $2.48M. The largest seller was Morgan Stanley, cutting an estimated $9.62M.

  • 40 institutional investors held Invesco BulletShares 2028 Municipal Bond ETF (BSMS) as of Q2 2023, up from 33 in Q1 2023.
  • Funds reported $43.9M of Invesco BulletShares 2028 Municipal Bond ETF stock for Q2 2023, down 6% quarter-over-quarter.
  • 10 funds opened new Invesco BulletShares 2028 Municipal Bond ETF positions in Q2 2023 and 3 closed out, a net change of +7 holders.
  • The largest Invesco BulletShares 2028 Municipal Bond ETF buyer in Q2 2023 was Sterling Financial Group, an estimated $2.48M added.
  • The largest Invesco BulletShares 2028 Municipal Bond ETF seller in Q2 2023 was Morgan Stanley, an estimated $9.62M sold.

Based on aggregated 13F filings for Q2 2023.