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Invesco BulletShares 2030 Municipal Bond ETF
BSMU

96 hedge funds and large institutions have $157M invested in Invesco BulletShares 2030 Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 48 increasing their positions, 15 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 15

129% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 7

25% more capital invested

Capital invested by funds: $126M → $157M (+$31M)

8% more funds holding

Funds holding: 89 → 96 (+7)

1.09% more ownership

Funds ownership: 70.56% → 71.65% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
96
Holders Change
+7
Holders Change %
+7.87%
% of All Funds
1.17%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
16
Increased
48
Reduced
15
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HBT
Hills Bank & Trust
Iowa
+$4.13M
2
Morgan Stanley
Morgan Stanley
New York
+$3.28M
3
Invesco
Invesco
Georgia
+$2.59M
4
NA
NewEdge Advisors
Louisiana
+$2.16M
5
Jane Street
Jane Street
New York
+$2.09M

Top Sellers

Rank Fund Capital Flow
1
OMC
Old Mission Capital
Illinois
-$1.45M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$1.18M
3
JP Morgan Chase
JP Morgan Chase
New York
-$546K
4
APA
Astoria Portfolio Advisors
New York
-$522K
5
IWC
Integrated Wealth Concepts
Massachusetts
-$522K
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
51
Harbour Investments
Wisconsin
$589K +$393K +17,877 +202%
HWM
52
Howard Wealth Management
Connecticut
$588K +$587K +26,690 New
Royal Bank of Canada
53
Royal Bank of Canada
Ontario, Canada
$575K +$76.4K +3,473 +15%
HWM
54
Horizons Wealth Management
North Carolina
$562K +$25.7K +1,167 +5%
NA
55
Nestegg Advisors
New York
$550K -$4.75K -216 -0.9%
CFGA
56
Cambridge Financial Group (Arizona)
Arizona
$537K – – –
TF
57
TLWM Financial
Texas
$529K +$2.2K +100 +0.4%
STA
58
Summit Trail Advisors
New York
$489K +$488K +22,191 New
SA
59
Sanctuary Advisors
Indiana
$460K +$63.7K +2,894 +16%
SG
60
StoneX Group
New York
$432K -$53.6K -2,435 -11%
JCM
61
Jacobi Capital Management
Pennsylvania
$426K +$74.8K +3,400 +21%
WWA
62
Wingate Wealth Advisors
Massachusetts
$363K +$2.42K +110 +0.7%
Goldman Sachs
63
Goldman Sachs
New York
$358K +$358K +16,262 New
Wealth Enhancement Advisory Services
64
Wealth Enhancement Advisory Services
Minnesota
$314K +$312K +14,189 New
KBFS
65
Kohmann Bosshard Financial Services
Ohio
$313K – – –
CAL
66
Capital Analysts LLC
Pennsylvania
$302K +$157K +7,135 +109%
PWM
67
Paulson Wealth Management
Illinois
$292K +$291K +13,241 New
HGA
68
Hobbs Group Advisors
South Carolina
$281K +$6.6K +300 +2%
MWA
69
Midland Wealth Advisors
Illinois
$278K – – –
IA
70
IFG Advisory
Georgia
$265K +$265K +12,047 New
FFA
71
Farther Finance Advisors
California
$252K +$76.2K +3,461 +43%
Cambridge Investment Research Advisors
72
Cambridge Investment Research Advisors
Iowa
$251K +$251K +11,403 New
BPA
73
Beacon Pointe Advisors
California
$234K -$192K -8,706 -45%
Cetera Investment Advisers
74
Cetera Investment Advisers
Illinois
$232K +$6.01K +273 +3%
PFS
75
Prospera Financial Services
Texas
$229K – – –
1 2
3
4 5

BSMU Hedge Fund Activity: Q4 2025 in Review

96 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2030 Municipal Bond ETF (BSMU) for Q4 2025, worth a combined $157M — up 25% from $126M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new BSMU positions and 7 closed out — a net gain of 9 holders — while 48 added to existing stakes and 15 trimmed.

The largest buyer was Hills Bank & Trust, adding an estimated $4.13M. The largest seller was Old Mission Capital, exiting entirely with an estimated $1.45M sold.

  • 96 institutional investors held Invesco BulletShares 2030 Municipal Bond ETF (BSMU) as of Q4 2025, up from 89 in Q3 2025.
  • Funds reported $157M of Invesco BulletShares 2030 Municipal Bond ETF stock for Q4 2025, up 25% quarter-over-quarter.
  • 16 funds opened new Invesco BulletShares 2030 Municipal Bond ETF positions in Q4 2025 and 7 closed out, a net change of +9 holders.
  • The largest Invesco BulletShares 2030 Municipal Bond ETF buyer in Q4 2025 was Hills Bank & Trust, an estimated $4.13M added.
  • The largest Invesco BulletShares 2030 Municipal Bond ETF seller in Q4 2025 was Old Mission Capital, an estimated $1.45M sold.

Based on aggregated 13F filings for Q4 2025.