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Invesco BulletShares 2029 Municipal Bond ETF
BSMT

108 hedge funds and large institutions have $165M invested in Invesco BulletShares 2029 Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 61 increasing their positions, 12 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

408% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 12

267% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 3

10% more capital invested

Capital invested by funds: $150M → $165M (+$14.5M)

7% more funds holding

Funds holding: 101 → 108 (+7)

1.79% less ownership

Funds ownership: 72.07% → 70.27% (-1.8%)

Holders
108
Holders Change
+7
Holders Change %
+6.93%
% of All Funds
1.31%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
61
Reduced
12
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFA
Sequoia Financial Advisors
Ohio
+$3.91M
2
Jane Street
Jane Street
New York
+$2.06M
3
HighTower Advisors
HighTower Advisors
Illinois
+$1.54M
4
HBT
Hills Bank & Trust
Iowa
+$1.43M
5
UBS Group
UBS Group
Switzerland
+$960K

Top Sellers

Rank Fund Capital Flow
1
CIM
Confluence Investment Management
Missouri
-$2.48M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$1.62M
3
VA
VestGen Advisors
Illinois
-$1.37M
4
BPA
Beacon Pointe Advisors
California
-$196K
5
ACM
AlphaStar Capital Management
North Carolina
-$143K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFA
76
Bill Few Associates
Pennsylvania
$302K – – –
WA
77
WESPAC Advisors
California
$301K +$300K +13,000 New
HT
78
Heritage Trust
Oklahoma
$299K +$95.1K +4,114 +47%
LIM
79
Leavell Investment Management
Alabama
$294K +$293K +12,700 New
AWM
80
Accurate Wealth Management
Florida
$281K +$48.5K +2,097 +21%
YP
81
YANKCOM Partnership
South Dakota
$266K – – –
FFA
82
Farther Finance Advisors
California
$252K +$76.2K +3,297 +43%
CA
83
CGN Advisors
Kansas
$247K -$38.2K -1,652 -13%
RSA
84
River Street Advisors
Illinois
$243K – – –
ACA
85
Aptus Capital Advisors
Alabama
$230K +$1.48K +64 +0.6%
PFS
86
Prospera Financial Services
Texas
$223K – – –
FFG
87
Foundry Financial Group
New Hampshire
$221K – – –
OFG
88
Opulen Financial Group
Virginia
$218K +$1.16K +50 +0.5%
CPC
89
Cookson Peirce & Co
Pennsylvania
$215K +$215K +9,286 New
DADC
90
D.A. Davidson & Co
Montana
$211K +$1.85K +80 +0.9%
Baird Financial Group
91
Baird Financial Group
Wisconsin
$205K – – –
CBT
92
Crews Bank & Trust
Florida
$200K – – –
JP Morgan Chase
93
JP Morgan Chase
New York
$168K -$4.14K -179 -2%
KOCAA
94
Knights of Columbus Asset Advisors
Connecticut
$166K – – –
OSAM
95
O'Shaughnessy Asset Management
Connecticut
$163K +$2.8K +121 +2%
CAL
96
Capital Analysts LLC
Pennsylvania
$156K +$156K +6,745 New
OP
97
ORG Partners
Indiana
$141K – – –
FCAS
98
First Command Advisory Services
Texas
$141K -$89.6K -3,878 -39%
NL
99
NorthAvenue LLC
Ohio
$135K +$135K +5,849 New
LFG
100
Larson Financial Group
Missouri
$128K – – –
1 2 3
4
5

BSMT Hedge Fund Activity: Q4 2025 in Review

108 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2029 Municipal Bond ETF (BSMT) for Q4 2025, worth a combined $165M — up 9.6% from $150M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BSMT positions and 3 closed out — a net gain of 8 holders — while 61 added to existing stakes and 12 trimmed.

The largest buyer was Sequoia Financial Advisors, opening a new position worth an estimated $3.91M. The largest seller was Confluence Investment Management, exiting entirely with an estimated $2.48M sold.

  • 108 institutional investors held Invesco BulletShares 2029 Municipal Bond ETF (BSMT) as of Q4 2025, up from 101 in Q3 2025.
  • Funds reported $165M of Invesco BulletShares 2029 Municipal Bond ETF stock for Q4 2025, up 9.6% quarter-over-quarter.
  • 11 funds opened new Invesco BulletShares 2029 Municipal Bond ETF positions in Q4 2025 and 3 closed out, a net change of +8 holders.
  • The largest Invesco BulletShares 2029 Municipal Bond ETF buyer in Q4 2025 was Sequoia Financial Advisors, an estimated $3.91M added.
  • The largest Invesco BulletShares 2029 Municipal Bond ETF seller in Q4 2025 was Confluence Investment Management, an estimated $2.48M sold.

Based on aggregated 13F filings for Q4 2025.