Invesco BulletShares 2028 Municipal Bond ETF
BSMS
93 hedge funds and large institutions have $111M invested in Invesco BulletShares 2028 Municipal Bond ETF in 2025 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 45 increasing their positions, 14 reducing their positions, and 5 closing their positions.
327% more capital inflows, than outflows
Capital inflows: $25.8M | Capital outflows: $6.04M
221% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 14
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
7% more funds holding
Funds holding: 87 → 93 (+6)
1.86% more ownership
Funds ownership: 64.62% → 66.48% (+1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CVA
Central Valley Advisors
Sacramento,
California
|
+$4.39M |
| 2 |
Jane Street
New York
|
+$3.54M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$1.43M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.23M |
| 5 |
Precedent Wealth Partners
Houston,
Texas
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Confluence Investment Management
St. Louis,
Missouri
|
-$3.54M |
| 2 |
Sterling Financial Group
Pasadena,
California
|
-$653K |
| 3 |
Kathmere Capital Management
Wayne,
Pennsylvania
|
-$526K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$321K |
| 5 |
Savant Capital
Rockford,
Illinois
|
-$253K |
BSMS Hedge Fund Activity: Q1 2025 in Review
93 of the 7,482 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2028 Municipal Bond ETF (BSMS) for Q1 2025, worth a combined $111M — up 21% from $92.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BSMS positions and 5 closed out — a net gain of 6 holders — while 45 added to existing stakes and 14 trimmed.
The largest buyer was Central Valley Advisors, opening a new position worth an estimated $4.39M. The largest seller was Confluence Investment Management, cutting an estimated $3.54M.
- 93 institutional investors held Invesco BulletShares 2028 Municipal Bond ETF (BSMS) as of Q1 2025, up from 87 in Q4 2024.
- Funds reported $111M of Invesco BulletShares 2028 Municipal Bond ETF stock for Q1 2025, up 21% quarter-over-quarter.
- 11 funds opened new Invesco BulletShares 2028 Municipal Bond ETF positions in Q1 2025 and 5 closed out, a net change of +6 holders.
- The largest Invesco BulletShares 2028 Municipal Bond ETF buyer in Q1 2025 was Central Valley Advisors, an estimated $4.39M added.
- The largest Invesco BulletShares 2028 Municipal Bond ETF seller in Q1 2025 was Confluence Investment Management, an estimated $3.54M sold.
Based on aggregated 13F filings for Q1 2025.