Invesco BulletShares 2028 Municipal Bond ETF
BSMS
129 hedge funds and large institutions have $198M invested in Invesco BulletShares 2028 Municipal Bond ETF in 2026 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 63 increasing their positions, 22 reducing their positions, and 8 closing their positions.
186% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 22
125% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 8
13% more capital invested
Capital invested by funds: $174M → $198M (+$23.2M)
8% more funds holding
Funds holding: 120 → 129 (+9)
0.39% more ownership
Funds ownership: 69.16% → 69.55% (+0.39%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$3.17M |
| 2 |
CCW
Coastline Complete Wealth
Bluffton,
South Carolina
|
+$2.24M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$2.09M |
| 4 |
Jane Street
New York
|
+$1.75M |
| 5 |
WJA
Willis Johnson & Associates
Houston,
Texas
|
+$999K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KFI
Key Financial Inc
West Chester,
Pennsylvania
|
-$1.44M |
| 2 |
KOC
Koss-Olinger Consulting
Gainesville,
Florida
|
-$658K |
| 3 |
SA
Sanctuary Advisors
Indianapolis,
Indiana
|
-$609K |
| 4 |
KCM
Kathmere Capital Management
Wayne,
Pennsylvania
|
-$479K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$460K |
BSMS Hedge Fund Activity: Q1 2026 in Review
129 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2028 Municipal Bond ETF (BSMS) for Q1 2026, worth a combined $198M — up 13% from $174M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new BSMS positions and 8 closed out — a net gain of 10 holders — while 63 added to existing stakes and 22 trimmed.
The largest buyer was Raymond James Financial, adding an estimated $3.17M. The largest seller was Key Financial Inc, cutting an estimated $1.44M.
- 129 institutional investors held Invesco BulletShares 2028 Municipal Bond ETF (BSMS) as of Q1 2026, up from 120 in Q4 2025.
- Funds reported $198M of Invesco BulletShares 2028 Municipal Bond ETF stock for Q1 2026, up 13% quarter-over-quarter.
- 18 funds opened new Invesco BulletShares 2028 Municipal Bond ETF positions in Q1 2026 and 8 closed out, a net change of +10 holders.
- The largest Invesco BulletShares 2028 Municipal Bond ETF buyer in Q1 2026 was Raymond James Financial, an estimated $3.17M added.
- The largest Invesco BulletShares 2028 Municipal Bond ETF seller in Q1 2026 was Key Financial Inc, an estimated $1.44M sold.
Based on aggregated 13F filings for Q1 2026.