We are live on ! Find out more
BSMT icon

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
HBT
1
Hills Bank & Trust
Iowa
$14.7M +$1.43M +61,687 +11%
Wells Fargo
2
Wells Fargo
California
$13.4M +$641K +27,762 +5%
Invesco
3
Invesco
Georgia
$6.49M +$947K +40,970 +17%
KCM
4
Kathmere Capital Management
Pennsylvania
$6.31M -$122K -5,294 -2%
LPL Financial
5
LPL Financial
California
$6.29M +$551K +23,866 +10%
Bank of America
6
Bank of America
North Carolina
$6.13M +$554K +23,954 +10%
Morgan Stanley
7
Morgan Stanley
New York
$5.77M +$209K +9,029 +4%
AWM
8
Avior Wealth Management
Nebraska
$4.67M +$545K +23,576 +13%
Raymond James Financial
9
Raymond James Financial
Florida
$4.66M +$836K +36,177 +22%
HighTower Advisors
10
HighTower Advisors
Illinois
$4.63M +$1.54M +66,723 +50%
CVA
11
Central Valley Advisors
California
$4.4M +$6.93K +300 +0.2%
UBS Group
12
UBS Group
Switzerland
$4.18M +$960K +41,558 +30%
AUB
13
Atlantic Union Bankshares
Virginia
$4.1M -$16.3K -705 -0.4%
NA
14
NewEdge Advisors
Louisiana
$3.96M +$340K +14,730 +9%
SFA
15
Sequoia Financial Advisors
Ohio
$3.92M +$3.91M +169,318 New
PWP
16
Precedent Wealth Partners
Texas
$3.55M +$322K +13,952 +10%
MA
17
MONECO Advisors
Connecticut
$3.09M +$104K +4,501 +3%
KFI
18
Key Financial Inc
Pennsylvania
$2.79M +$25K +1,080 +0.9%
IWC
19
Integrated Wealth Concepts
Massachusetts
$2.61M +$566K +24,475 +28%
Lido Advisors
20
Lido Advisors
California
$2.46M +$250K +10,800 +11%
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$2.27M +$15.4K +665 +0.7%
Focus Partners Wealth
22
Focus Partners Wealth
Massachusetts
$2.2M +$213K +9,237 +11%
Osaic Holdings
23
Osaic Holdings
Arizona
$2.18M +$305K +13,190 +16%
Commonwealth Equity Services
24
Commonwealth Equity Services
Massachusetts
$2.11M -$1.62M -70,126 -44%
Northwestern Mutual Wealth Management
25
Northwestern Mutual Wealth Management
Wisconsin
$2.08M +$309K +13,394 +18%
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.