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Invesco BulletShares 2032 Municipal Bond ETF
BSMW

53 hedge funds and large institutions have $72.2M invested in Invesco BulletShares 2032 Municipal Bond ETF in 2025 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 29 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

81% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 16

1% more capital invested

Capital invested by funds: $71.4M → $72.2M (+$785K)

3.75% less ownership

Funds ownership: 70.5% → 66.75% (-3.7%)

5% less funds holding

Funds holding: 56 → 53 (-3)

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

Holders
53
Holders Change
-3
Holders Change %
-5.36%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
29
Reduced
16
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$2M
2
SWA
Stratos Wealth Advisors
Ohio
+$1.54M
3
AUB
Atlantic Union Bankshares
Virginia
+$727K
4
ADL
Asset Dedication LLC
California
+$601K
5
KOC
Koss-Olinger Consulting
Florida
+$532K

Top Sellers

Rank Fund Capital Flow
1
EFP
Envision Financial Planning
Tennessee
-$2.8M
2
Wells Fargo
Wells Fargo
California
-$1.06M
3
CA
CGN Advisors
Kansas
-$799K
4
IA
IFP Advisors
Florida
-$538K
5
AWM
Avior Wealth Management
Nebraska
-$475K
Name Holding Trade Value Shares
Change 		Change in
Stake
Osaic Holdings
26
Osaic Holdings
Arizona
$639K +$120K +4,909 +23%
HighTower Advisors
27
HighTower Advisors
Illinois
$638K -$41.3K -1,696 -6%
AA
28
Addison Advisors
Vermont
$616K +$79K +3,245 +15%
Lido Advisors
29
Lido Advisors
California
$605K +$389K +16,000 +184%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$589K +$28.3K +1,162 +5%
KOC
31
Koss-Olinger Consulting
Florida
$535K +$532K +21,854 New
SG
32
StoneX Group
New York
$500K -$128K -5,258 -20%
Northwestern Mutual Wealth Management
33
Northwestern Mutual Wealth Management
Wisconsin
$452K +$39.3K +1,615 +10%
MA
34
MONECO Advisors
Connecticut
$383K +$381K +15,642 New
BFA
35
Bill Few Associates
Pennsylvania
$348K +$58.3K +2,395 +20%
Jones Financial Companies
36
Jones Financial Companies
Missouri
$323K +$231K +9,482 +252%
HNB
37
Huntington National Bank
Ohio
$315K – – –
JCM
38
Jacobi Capital Management
Pennsylvania
$284K +$60.4K +2,483 +27%
MML Investors Services
39
MML Investors Services
Massachusetts
$280K +$74.2K +3,050 +36%
BPA
40
Beacon Pointe Advisors
California
$272K -$49K -2,014 -15%
UBS Group
41
UBS Group
Switzerland
$264K +$101K +4,165 +63%
CAPTRUST Financial Advisors
42
CAPTRUST Financial Advisors
North Carolina
$241K -$99.7K -4,094 -29%
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$219K +$136K +5,600 +168%
OFG
44
Opulen Financial Group
Virginia
$213K +$1.83K +75 +0.9%
CBT
45
Crews Bank & Trust
Florida
$192K – – –
FCAS
46
First Command Advisory Services
Texas
$128K +$24.6K +1,009 +24%
LFG
47
Larson Financial Group
Missouri
$125K – – –
ACA
48
Aptus Capital Advisors
Alabama
$121K +$1.02K +42 +0.9%
Comerica Bank
49
Comerica Bank
Texas
$92.6K – – –
PS
50
Principal Securities
Iowa
$69.7K -$27.1K -1,112 -28%
1
2
3

BSMW Hedge Fund Activity: Q2 2025 in Review

53 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2032 Municipal Bond ETF (BSMW) for Q2 2025, worth a combined $72.2M — up 1.1% from $71.4M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of BSMW and 2 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 29 added.

The largest buyer was Jane Street, adding an estimated $2M. The largest seller was Envision Financial Planning, cutting an estimated $2.8M.

  • 53 institutional investors held Invesco BulletShares 2032 Municipal Bond ETF (BSMW) as of Q2 2025, down from 56 in Q1 2025.
  • Funds reported $72.2M of Invesco BulletShares 2032 Municipal Bond ETF stock for Q2 2025, up 1.1% quarter-over-quarter.
  • 2 funds opened new Invesco BulletShares 2032 Municipal Bond ETF positions in Q2 2025 and 5 closed out, a net change of -3 holders.
  • The largest Invesco BulletShares 2032 Municipal Bond ETF buyer in Q2 2025 was Jane Street, an estimated $2M added.
  • The largest Invesco BulletShares 2032 Municipal Bond ETF seller in Q2 2025 was Envision Financial Planning, an estimated $2.8M sold.

Based on aggregated 13F filings for Q2 2025.