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Invesco BulletShares 2029 Municipal Bond ETF
BSMT

101 hedge funds and large institutions have $150M invested in Invesco BulletShares 2029 Municipal Bond ETF in 2025 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 51 increasing their positions, 20 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

155% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 20

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

9% more capital invested

Capital invested by funds: $138M → $150M (+$12.6M)

7% more funds holding

Funds holding: 94 → 101 (+7)

1.05% more ownership

Funds ownership: 71.01% → 72.07% (+1.1%)

Holders
101
Holders Change
+7
Holders Change %
+7.45%
% of All Funds
1.33%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
51
Reduced
20
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFG
Sterling Financial Group
California
+$2.62M
2
Wells Fargo
Wells Fargo
California
+$1.3M
3
Morgan Stanley
Morgan Stanley
New York
+$1.2M
4
S
SignatureFD
Georgia
+$930K
5
EC
Elequin Capital
New York
+$929K

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$3.05M
2
CIM
Confluence Investment Management
Missouri
-$2.75M
3
Ameriprise
Ameriprise
Minnesota
-$1.5M
4
HBT
Hills Bank & Trust
Iowa
-$898K
5
CA
CGN Advisors
Kansas
-$395K
Name Holding Trade Value Shares
Change 		Change in
Stake
HBT
1
Hills Bank & Trust
Iowa
$13.2M -$898K -39,179 -6%
Wells Fargo
2
Wells Fargo
California
$12.7M +$1.3M +56,831 +11%
KCM
3
Kathmere Capital Management
Pennsylvania
$6.42M -$201K -8,756 -3%
LPL Financial
4
LPL Financial
California
$5.73M +$744K +32,476 +15%
Bank of America
5
Bank of America
North Carolina
$5.56M +$134K +5,829 +2%
Morgan Stanley
6
Morgan Stanley
New York
$5.55M +$1.2M +52,477 +28%
Invesco
7
Invesco
Georgia
$5.53M +$517K +22,538 +10%
SFG
8
Sterling Financial Group
California
$4.78M +$2.62M +114,491 +124%
CVA
9
Central Valley Advisors
California
$4.39M +$31.6K +1,378 +0.7%
AWM
10
Avior Wealth Management
Nebraska
$4.12M +$552K +24,089 +16%
AUB
11
Atlantic Union Bankshares
Virginia
$4.11M +$209K +9,140 +5%
Raymond James Financial
12
Raymond James Financial
Florida
$3.81M +$239K +10,428 +7%
Commonwealth Equity Services
13
Commonwealth Equity Services
Massachusetts
$3.72M +$325K +14,182 +10%
NA
14
NewEdge Advisors
Louisiana
$3.61M +$183K +8,003 +5%
PWP
15
Precedent Wealth Partners
Texas
$3.22M +$482K +21,019 +18%
UBS Group
16
UBS Group
Switzerland
$3.21M +$475K +20,741 +18%
VA
17
VestGen Advisors
Illinois
$3.13M -$98.2K -4,284 -3%
HighTower Advisors
18
HighTower Advisors
Illinois
$3.08M +$496K +21,649 +19%
MA
19
MONECO Advisors
Connecticut
$2.98M +$210K +9,159 +8%
KFI
20
Key Financial Inc
Pennsylvania
$2.76M +$65.5K +2,860 +2%
CIM
21
Confluence Investment Management
Missouri
$2.48M -$2.75M -120,026 -53%
Envestnet Asset Management
22
Envestnet Asset Management
Illinois
$2.25M -$153K -6,662 -6%
Lido Advisors
23
Lido Advisors
California
$2.21M +$841K +36,700 +62%
IWC
24
Integrated Wealth Concepts
Massachusetts
$2.04M +$517K +22,565 +34%
Focus Partners Wealth
25
Focus Partners Wealth
Massachusetts
$1.98M +$277K +12,068 +16%
1
2 3 4 5

BSMT Hedge Fund Activity: Q3 2025 in Review

101 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2029 Municipal Bond ETF (BSMT) for Q3 2025, worth a combined $150M — up 9.1% from $138M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BSMT positions and 6 closed out — a net gain of 7 holders — while 51 added to existing stakes and 20 trimmed.

The largest buyer was Sterling Financial Group, adding an estimated $2.62M. The largest seller was Jane Street, exiting entirely with an estimated $3.05M sold.

  • 101 institutional investors held Invesco BulletShares 2029 Municipal Bond ETF (BSMT) as of Q3 2025, up from 94 in Q2 2025.
  • Funds reported $150M of Invesco BulletShares 2029 Municipal Bond ETF stock for Q3 2025, up 9.1% quarter-over-quarter.
  • 13 funds opened new Invesco BulletShares 2029 Municipal Bond ETF positions in Q3 2025 and 6 closed out, a net change of +7 holders.
  • The largest Invesco BulletShares 2029 Municipal Bond ETF buyer in Q3 2025 was Sterling Financial Group, an estimated $2.62M added.
  • The largest Invesco BulletShares 2029 Municipal Bond ETF seller in Q3 2025 was Jane Street, an estimated $3.05M sold.

Based on aggregated 13F filings for Q3 2025.