Invesco BulletShares 2028 Municipal Bond ETF
BSMS
134 hedge funds and large institutions have $210M invested in Invesco BulletShares 2028 Municipal Bond ETF in 2026 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 62 increasing their positions, 27 reducing their positions, and 9 closing their positions.
130% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 27
122% more capital inflows, than outflows
Capital inflows: $30M | Capital outflows: $13.5M
78% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 9
4% more funds holding
Funds holding: 129 → 134 (+5)
1.38% less ownership
Funds ownership: 69.55% → 68.17% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Elequin Capital
New York
|
+$2.75M |
| 2 |
AUB
Atlantic Union Bankshares
Glen Allen,
Virginia
|
+$2.61M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$1.73M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.43M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$2.56M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.84M |
| 3 |
Jane Street
New York
|
-$1.74M |
| 4 |
SF
Summit Financial
Parsippany,
New Jersey
|
-$1.38M |
| 5 |
HBT
Hills Bank & Trust
North Liberty,
Iowa
|
-$1.34M |
BSMS Hedge Fund Activity: Q2 2026 in Review
134 of the 8,351 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2028 Municipal Bond ETF (BSMS) for Q2 2026, worth a combined $210M — up 6.4% from $198M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BSMS positions and 9 closed out — a net gain of 7 holders — while 62 added to existing stakes and 27 trimmed.
The largest buyer was Elequin Capital, opening a new position worth an estimated $2.75M. The largest seller was Focus Partners Wealth, exiting entirely with an estimated $2.56M sold.
- 134 institutional investors held Invesco BulletShares 2028 Municipal Bond ETF (BSMS) as of Q2 2026, up from 129 in Q1 2026.
- Funds reported $210M of Invesco BulletShares 2028 Municipal Bond ETF stock for Q2 2026, up 6.4% quarter-over-quarter.
- 16 funds opened new Invesco BulletShares 2028 Municipal Bond ETF positions in Q2 2026 and 9 closed out, a net change of +7 holders.
- The largest Invesco BulletShares 2028 Municipal Bond ETF buyer in Q2 2026 was Elequin Capital, an estimated $2.75M added.
- The largest Invesco BulletShares 2028 Municipal Bond ETF seller in Q2 2026 was Focus Partners Wealth, an estimated $2.56M sold.
Based on aggregated 13F filings for Q2 2026.