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Invesco BulletShares 2032 Municipal Bond ETF
BSMW

64 hedge funds and large institutions have $111M invested in Invesco BulletShares 2032 Municipal Bond ETF in 2026 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 35 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

192% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 12

10% more capital invested

Capital invested by funds: $101M → $111M (+$10.4M)

1.4% less ownership

Funds ownership: 68.89% → 67.49% (-1.4%)

4% less funds holding

Funds holding: 67 → 64 (-3)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
64
Holders Change
-3
Holders Change %
-4.48%
% of All Funds
0.79%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
35
Reduced
12
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$2.68M
2
CIM
Confluence Investment Management
Missouri
+$2.62M
3
SWA
Stratos Wealth Advisors
Ohio
+$1.88M
4
Bank of America
Bank of America
North Carolina
+$1.59M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.33M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$1.66M
2
EC
Elequin Capital
New York
-$876K
3
JWCA
J.W. Cole Advisors
Florida
-$658K
4
KOC
Koss-Olinger Consulting
Florida
-$549K
5
ADL
Asset Dedication LLC
California
-$538K
Name Holding Trade Value Shares
Change 		Change in
Stake
UCFA
26
United Capital Financial Advisors
Texas
$1.12M +$348K +13,761 +44%
EH
27
Equitable Holdings
New York
$1.1M +$62.3K +2,466 +6%
MML Investors Services
28
MML Investors Services
Massachusetts
$1.04M -$163K -6,457 -13%
VA
29
VestGen Advisors
Illinois
$996K -$53.9K -2,133 -5%
FTUS
30
Flow Traders U.S.
New York
$994K – – –
Jones Financial Companies
31
Jones Financial Companies
Missouri
$773K +$114K +4,504 +17%
MWM
32
Marietta Wealth Management
Georgia
$711K +$7.58K +300 +1%
IWC
33
Integrated Wealth Concepts
Massachusetts
$662K +$38.9K +1,540 +6%
SFA
34
Sequoia Financial Advisors
Ohio
$620K -$154K -6,095 -20%
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$617K -$263K -10,423 -30%
AA
36
Addison Advisors
Vermont
$554K +$7.68K +304 +1%
HNB
37
Huntington National Bank
Ohio
$535K – – –
Jane Street
38
Jane Street
New York
$489K -$1.66M -65,761 -77%
STA
39
Summit Trail Advisors
New York
$462K -$338K -13,371 -42%
ADL
40
Asset Dedication LLC
California
$451K -$538K -21,294 -54%
JCM
41
Jacobi Capital Management
Pennsylvania
$420K – – –
IIM
42
Invariant Investment Management
Pennsylvania
$406K +$3.21K +127 +0.8%
CAPTRUST Financial Advisors
43
CAPTRUST Financial Advisors
North Carolina
$398K -$19.4K -766 -5%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$358K +$48.1K +1,904 +15%
BFA
45
Bill Few Associates
Pennsylvania
$302K – – –
HI
46
Harbour Investments
Wisconsin
$299K – – –
BPA
47
Beacon Pointe Advisors
California
$249K +$20.1K +797 +9%
CFGA
48
Cambridge Financial Group (Arizona)
Arizona
$241K – – –
LIM
49
Leavell Investment Management
Alabama
$233K +$237K +9,365 New
IFG
50
Independent Financial Group
California
$224K – – –
1
2
3

BSMW Hedge Fund Activity: Q1 2026 in Review

64 of the 8,127 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2032 Municipal Bond ETF (BSMW) for Q1 2026, worth a combined $111M — up 10% from $101M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of BSMW and 6 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 35 added.

The largest buyer was UBS Group, adding an estimated $2.68M. The largest seller was Jane Street, cutting an estimated $1.66M.

  • 64 institutional investors held Invesco BulletShares 2032 Municipal Bond ETF (BSMW) as of Q1 2026, down from 67 in Q4 2025.
  • Funds reported $111M of Invesco BulletShares 2032 Municipal Bond ETF stock for Q1 2026, up 10% quarter-over-quarter.
  • 6 funds opened new Invesco BulletShares 2032 Municipal Bond ETF positions in Q1 2026 and 7 closed out, a net change of -1 holder.
  • The largest Invesco BulletShares 2032 Municipal Bond ETF buyer in Q1 2026 was UBS Group, an estimated $2.68M added.
  • The largest Invesco BulletShares 2032 Municipal Bond ETF seller in Q1 2026 was Jane Street, an estimated $1.66M sold.

Based on aggregated 13F filings for Q1 2026.