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Invesco BulletShares 2028 Municipal Bond ETF
BSMS

53 hedge funds and large institutions have $62.3M invested in Invesco BulletShares 2028 Municipal Bond ETF in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 9

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

13% more capital invested

Capital invested by funds: $55.4M → $62.3M (+$6.93M)

6% more funds holding

Funds holding: 50 → 53 (+3)

2.97% less ownership

Funds ownership: 64.59% → 61.61% (-3%)

Holders
53
Holders Change
+3
Holders Change %
+6%
% of All Funds
0.76%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
27
Reduced
9
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$2.75M
2
NA
NewEdge Advisors
Louisiana
+$2.48M
3
Jane Street
Jane Street
New York
+$2.06M
4
KFI
Key Financial Inc
Pennsylvania
+$2.03M
5
ACM
AlphaStar Capital Management
North Carolina
+$796K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$4.73M
2
SFG
Sterling Financial Group
California
-$1.63M
3
CA
CGN Advisors
Kansas
-$718K
4
WSTAM
Wilbanks Smith & Thomas Asset Management
Virginia
-$336K
5
NAM
NorthCrest Asset Manangement
Minnesota
-$331K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
Addison Advisors
Vermont
$499K +$152K +6,445 +44%
RHP
27
Royal Harbor Partners
Texas
$465K – – –
HWM
28
Horizons Wealth Management
North Carolina
$449K – – –
PAG
29
Private Advisor Group
New Jersey
$378K – – –
Northwestern Mutual Wealth Management
30
Northwestern Mutual Wealth Management
Wisconsin
$370K +$141K +5,962 +61%
CW
31
Cooksen Wealth
Texas
$353K – – –
Stifel Financial
32
Stifel Financial
Missouri
$344K +$4.48K +190 +1%
RJFSA
33
Raymond James Financial Services Advisors
Florida
$328K +$126K +5,334 +62%
Thrivent Financial for Lutherans
34
Thrivent Financial for Lutherans
Minnesota
$327K +$328K +13,914 New
MA
35
MONECO Advisors
Connecticut
$317K +$13.5K +574 +4%
VVP
36
Venture Visionary Partners
Ohio
$311K -$283K -11,989 -47%
BFA
37
Bill Few Associates
Pennsylvania
$301K +$39.9K +1,690 +15%
CAM
38
Clark Asset Management
New Hampshire
$297K +$1.72K +73 +0.6%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$292K +$105K +4,470 +56%
FA
40
FF Advisors
California
$263K -$23.1K -980 -8%
BPA
41
Beacon Pointe Advisors
California
$261K +$10K +425 +4%
SWM
42
Silverlake Wealth Management
Vermont
$258K +$259K +10,997 New
Cetera Investment Advisers
43
Cetera Investment Advisers
Illinois
$255K +$256K +10,870 New
CAPTRUST Financial Advisors
44
CAPTRUST Financial Advisors
North Carolina
$249K -$19.4K -824 -7%
FFG
45
Foundry Financial Group
New Hampshire
$247K +$248K +10,533 New
Cambridge Investment Research Advisors
46
Cambridge Investment Research Advisors
Iowa
$231K +$1.01K +43 +0.4%
AWM
47
Avior Wealth Management
Nebraska
$225K +$32.4K +1,373 +17%
SPA
48
Sentinel Pension Advisors
Massachusetts
$217K +$218K +9,230 New
BFEC
49
Benjamin F. Edwards & Company
Missouri
$169K – – –
ACA
50
Aptus Capital Advisors
Alabama
$103K +$103K +4,366 New
1
2
3

BSMS Hedge Fund Activity: Q1 2024 in Review

53 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2028 Municipal Bond ETF (BSMS) for Q1 2024, worth a combined $62.3M — up 13% from $55.4M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BSMS positions and 6 closed out — a net gain of 4 holders — while 27 added to existing stakes and 9 trimmed.

The largest buyer was Wells Fargo, adding an estimated $2.75M. The largest seller was Morgan Stanley, cutting an estimated $4.73M.

  • 53 institutional investors held Invesco BulletShares 2028 Municipal Bond ETF (BSMS) as of Q1 2024, up from 50 in Q4 2023.
  • Funds reported $62.3M of Invesco BulletShares 2028 Municipal Bond ETF stock for Q1 2024, up 13% quarter-over-quarter.
  • 10 funds opened new Invesco BulletShares 2028 Municipal Bond ETF positions in Q1 2024 and 6 closed out, a net change of +4 holders.
  • The largest Invesco BulletShares 2028 Municipal Bond ETF buyer in Q1 2024 was Wells Fargo, an estimated $2.75M added.
  • The largest Invesco BulletShares 2028 Municipal Bond ETF seller in Q1 2024 was Morgan Stanley, an estimated $4.73M sold.

Based on aggregated 13F filings for Q1 2024.