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Invesco BulletShares 2032 Municipal Bond ETF
BSMW

56 hedge funds and large institutions have $71.4M invested in Invesco BulletShares 2032 Municipal Bond ETF in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 33 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

230% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 10

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

8% more capital invested

Capital invested by funds: $66M → $71.4M (+$5.38M)

6% more funds holding

Funds holding: 53 → 56 (+3)

2.35% less ownership

Funds ownership: 72.85% → 70.5% (-2.3%)

Holders
56
Holders Change
+3
Holders Change %
+5.66%
% of All Funds
0.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
33
Reduced
10
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CIM
Confluence Investment Management
Missouri
+$2.87M
2
LPL Financial
LPL Financial
California
+$2.76M
3
PWP
Precedent Wealth Partners
Texas
+$992K
4
JWCA
J.W. Cole Advisors
Florida
+$703K
5
AUB
Atlantic Union Bankshares
Virginia
+$674K

Top Sellers

Rank Fund Capital Flow
1
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$1.61M
2
OMC
Old Mission Capital
Illinois
-$1.28M
3
Wells Fargo
Wells Fargo
California
-$1.27M
4
Citadel Advisors
Citadel Advisors
Florida
-$715K
5
SFG
Sterling Financial Group
California
-$638K
Name Holding Trade Value Shares
Change 		Change in
Stake
SG
26
StoneX Group
New York
$632K +$25.3K +1,011 +4%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$564K +$300 +12 +0.1%
AA
28
Addison Advisors
Vermont
$540K +$60.1K +2,405 +12%
IA
29
IFP Advisors
Florida
$538K – – –
Osaic Holdings
30
Osaic Holdings
Arizona
$522K +$199K +7,965 +60%
AWM
31
Avior Wealth Management
Nebraska
$475K -$49.6K -1,983 -9%
Stifel Financial
32
Stifel Financial
Missouri
$463K +$471K +18,820 New
Northwestern Mutual Wealth Management
33
Northwestern Mutual Wealth Management
Wisconsin
$414K +$267K +10,661 +173%
CAPTRUST Financial Advisors
34
CAPTRUST Financial Advisors
North Carolina
$343K +$4.22K +169 +1%
BPA
35
Beacon Pointe Advisors
California
$323K +$15.4K +614 +5%
HNB
36
Huntington National Bank
Ohio
$317K – – –
HGA
37
Hobbs Group Advisors
South Carolina
$300K +$305K +12,204 New
BFA
38
Bill Few Associates
Pennsylvania
$291K – – –
JCM
39
Jacobi Capital Management
Pennsylvania
$224K -$30.7K -1,229 -12%
Lido Advisors
40
Lido Advisors
California
$214K +$218K +8,700 New
OFG
41
Opulen Financial Group
Virginia
$212K +$1.73K +69 +0.8%
MML Investors Services
42
MML Investors Services
Massachusetts
$207K +$210K +8,395 New
CBT
43
Crews Bank & Trust
Florida
$193K – – –
Fidelity Investments
44
Fidelity Investments
Massachusetts
$191K +$192K +7,684 +9,258%
ADL
45
Asset Dedication LLC
California
$188K +$3.45K +138 +2%
UBS Group
46
UBS Group
Switzerland
$163K -$6.72K -269 -4%
LFG
47
Larson Financial Group
Missouri
$125K +$127K +5,086 New
ACA
48
Aptus Capital Advisors
Alabama
$120K +$21.8K +870 +22%
FCAS
49
First Command Advisory Services
Texas
$104K +$1.02K +41 +1%
PS
50
Principal Securities
Iowa
$99.3K – – –
1
2
3

BSMW Hedge Fund Activity: Q1 2025 in Review

56 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2032 Municipal Bond ETF (BSMW) for Q1 2025, worth a combined $71.4M — up 8.1% from $66M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new BSMW positions and 4 closed out — a net gain of 3 holders — while 33 added to existing stakes and 10 trimmed.

The largest buyer was Confluence Investment Management, adding an estimated $2.87M. The largest seller was Toronto Dominion Bank, exiting entirely with an estimated $1.61M sold.

  • 56 institutional investors held Invesco BulletShares 2032 Municipal Bond ETF (BSMW) as of Q1 2025, up from 53 in Q4 2024.
  • Funds reported $71.4M of Invesco BulletShares 2032 Municipal Bond ETF stock for Q1 2025, up 8.1% quarter-over-quarter.
  • 7 funds opened new Invesco BulletShares 2032 Municipal Bond ETF positions in Q1 2025 and 4 closed out, a net change of +3 holders.
  • The largest Invesco BulletShares 2032 Municipal Bond ETF buyer in Q1 2025 was Confluence Investment Management, an estimated $2.87M added.
  • The largest Invesco BulletShares 2032 Municipal Bond ETF seller in Q1 2025 was Toronto Dominion Bank, an estimated $1.61M sold.

Based on aggregated 13F filings for Q1 2025.