Invesco BulletShares 2028 Municipal Bond ETF
BSMS
94 hedge funds and large institutions have $125M invested in Invesco BulletShares 2028 Municipal Bond ETF in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 44 increasing their positions, 15 reducing their positions, and 9 closing their positions.
193% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 15
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
12% more capital invested
Capital invested by funds: $111M → $125M (+$13.8M)
1% more funds holding
Funds holding: 93 → 94 (+1)
2.58% less ownership
Funds ownership: 66.48% → 63.9% (-2.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kathmere Capital Management
Wayne,
Pennsylvania
|
+$5.8M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.15M |
| 3 |
MWM
Modern Wealth Management
Lenexa,
Kansas
|
+$1.12M |
| 4 |
Morgan Stanley
New York
|
+$1.04M |
| 5 |
Jane Street
New York
|
+$956K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$1.69M |
| 2 |
Goldman Sachs
New York
|
-$709K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$612K |
| 4 |
CA
CGN Advisors
Manhattan,
Kansas
|
-$569K |
| 5 |
HGA
Hobbs Group Advisors
Columbia,
South Carolina
|
-$372K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VVP
101
Venture Visionary Partners
Sylvania,
Ohio
| – | -$217K | -9,350 | Closed |
|
|
WB
102
Webster Bank
Waterbury,
Connecticut
| – | -$49.1K | -2,120 | Closed |
|
103
JP Morgan Chase
New York
| – | -$19.7K | -849 | Closed |
|
104
Fidelity Investments
Boston,
Massachusetts
| – | -$5.1K | -220 | Closed |
|
BSMS Hedge Fund Activity: Q2 2025 in Review
94 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2028 Municipal Bond ETF (BSMS) for Q2 2025, worth a combined $125M — up 12% from $111M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BSMS positions and 9 closed out — a net gain of 4 holders — while 44 added to existing stakes and 15 trimmed.
The largest buyer was Kathmere Capital Management, opening a new position worth an estimated $5.8M. The largest seller was Toronto Dominion Bank, exiting entirely with an estimated $1.69M sold.
- 94 institutional investors held Invesco BulletShares 2028 Municipal Bond ETF (BSMS) as of Q2 2025, up from 93 in Q1 2025.
- Funds reported $125M of Invesco BulletShares 2028 Municipal Bond ETF stock for Q2 2025, up 12% quarter-over-quarter.
- 13 funds opened new Invesco BulletShares 2028 Municipal Bond ETF positions in Q2 2025 and 9 closed out, a net change of +4 holders.
- The largest Invesco BulletShares 2028 Municipal Bond ETF buyer in Q2 2025 was Kathmere Capital Management, an estimated $5.8M added.
- The largest Invesco BulletShares 2028 Municipal Bond ETF seller in Q2 2025 was Toronto Dominion Bank, an estimated $1.69M sold.
Based on aggregated 13F filings for Q2 2025.