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Invesco BulletShares 2028 Municipal Bond ETF
BSMS

50 hedge funds and large institutions have $55.4M invested in Invesco BulletShares 2028 Municipal Bond ETF in 2023 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 4

50% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 12

41% more capital invested

Capital invested by funds: $39.2M → $55.4M (+$16.2M)

28% more funds holding

Funds holding: 39 → 50 (+11)

6.75% more ownership

Funds ownership: 57.84% → 64.59% (+6.7%)

Holders
50
Holders Change
+11
Holders Change %
+28.21%
% of All Funds
0.73%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
16
Increased
18
Reduced
12
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$7.09M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$2.05M
3
Wells Fargo
Wells Fargo
California
+$1.1M
4
Invesco
Invesco
Georgia
+$556K
5
KFI
Key Financial Inc
Pennsylvania
+$388K

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$2.24M
2
SFG
Sterling Financial Group
California
-$780K
3
DA
Dover Advisors
Virginia
-$493K
4
LPT
Legacy Private Trust
Wisconsin
-$484K
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$160K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
26
Private Advisor Group
New Jersey
$382K +$370K +16,097 New
CW
27
Cooksen Wealth
Texas
$357K +$346K +15,048 New
AA
28
Addison Advisors
Vermont
$352K -$47.8K -2,080 -12%
Stifel Financial
29
Stifel Financial
Missouri
$344K -$2.34K -102 -0.7%
WSTAM
30
Wilbanks Smith & Thomas Asset Management
Virginia
$336K +$325K +14,133 New
NAM
31
NorthCrest Asset Manangement
Minnesota
$331K +$320K +13,914 New
MA
32
MONECO Advisors
Connecticut
$307K +$297K +12,928 New
CAM
33
Clark Asset Management
New Hampshire
$299K +$63.6K +2,769 +28%
FA
34
FF Advisors
California
$290K +$280K +12,195 New
KOC
35
Koss-Olinger Consulting
Florida
$278K – – –
CAPTRUST Financial Advisors
36
CAPTRUST Financial Advisors
North Carolina
$272K +$5.81K +253 +2%
BFA
37
Bill Few Associates
Pennsylvania
$265K +$256K +11,147 New
BPA
38
Beacon Pointe Advisors
California
$253K +$245K +10,671 New
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$233K -$38.5K -1,675 -15%
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$232K +$225K +9,785 New
RJFSA
41
Raymond James Financial Services Advisors
Florida
$206K -$160K -6,946 -45%
VAS
42
Valicenti Advisory Services
New York
$200K +$194K +8,425 New
AWM
43
Avior Wealth Management
Nebraska
$195K -$103K -4,469 -35%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$190K -$14.2K -618 -7%
BFEC
45
Benjamin F. Edwards & Company
Missouri
$171K +$2.46K +107 +2%
HNB
46
Huntington National Bank
Ohio
$124K – – –
NA
47
NewEdge Advisors
Louisiana
$120K +$116K +5,032 New
DCM
48
Davis Capital Management
Florida
$43K +$41.6K +1,810 New
Comerica Bank
49
Comerica Bank
Texas
$31.2K – – –
OP
50
ORG Partners
Indiana
$20.2K – – –
1
2
3

BSMS Hedge Fund Activity: Q4 2023 in Review

50 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2028 Municipal Bond ETF (BSMS) for Q4 2023, worth a combined $55.4M — up 41% from $39.2M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new BSMS positions and 4 closed out — a net gain of 12 holders — while 18 added to existing stakes and 12 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $7.09M. The largest seller was Jane Street, exiting entirely with an estimated $2.24M sold.

  • 50 institutional investors held Invesco BulletShares 2028 Municipal Bond ETF (BSMS) as of Q4 2023, up from 39 in Q3 2023.
  • Funds reported $55.4M of Invesco BulletShares 2028 Municipal Bond ETF stock for Q4 2023, up 41% quarter-over-quarter.
  • 16 funds opened new Invesco BulletShares 2028 Municipal Bond ETF positions in Q4 2023 and 4 closed out, a net change of +12 holders.
  • The largest Invesco BulletShares 2028 Municipal Bond ETF buyer in Q4 2023 was Morgan Stanley, an estimated $7.09M added.
  • The largest Invesco BulletShares 2028 Municipal Bond ETF seller in Q4 2023 was Jane Street, an estimated $2.24M sold.

Based on aggregated 13F filings for Q4 2023.