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Invesco BulletShares 2032 Municipal Bond ETF
BSMW

61 hedge funds and large institutions have $81.7M invested in Invesco BulletShares 2032 Municipal Bond ETF in 2025 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 33 increasing their positions, 14 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 2

136% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 14

15% more funds holding

Funds holding: 53 → 61 (+8)

13% more capital invested

Capital invested by funds: $72.2M → $81.7M (+$9.45M)

1.04% more ownership

Funds ownership: 66.75% → 67.79% (+1%)

Holders
61
Holders Change
+8
Holders Change %
+15.09%
% of All Funds
0.8%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
33
Reduced
14
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FTUS
Flow Traders U.S.
New York
+$1.96M
2
EC
Elequin Capital
New York
+$1.77M
3
EFP
Envision Financial Planning
Tennessee
+$1.27M
4
LPL Financial
LPL Financial
California
+$1.09M
5
SWA
Stratos Wealth Advisors
Ohio
+$1.01M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$3.16M
2
CIM
Confluence Investment Management
Missouri
-$1.77M
3
MLA
MB, Levis & Associates
Pennsylvania
-$1.48M
4
SFG
Sterling Financial Group
California
-$509K
5
Bank of America
Bank of America
North Carolina
-$327K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$804K +$199K +8,109 +34%
Envestnet Asset Management
27
Envestnet Asset Management
Illinois
$786K -$54.8K -2,231 -7%
Northwestern Mutual Wealth Management
28
Northwestern Mutual Wealth Management
Wisconsin
$756K +$290K +11,814 +64%
VA
29
VestGen Advisors
Illinois
$741K -$46.5K -1,892 -6%
JWCA
30
J.W. Cole Advisors
Florida
$653K -$50.3K -2,048 -7%
Osaic Holdings
31
Osaic Holdings
Arizona
$635K -$3.66K -149 -0.6%
Jane Street
32
Jane Street
New York
$621K -$3.16M -128,435 -84%
AA
33
Addison Advisors
Vermont
$589K -$38.9K -1,585 -6%
MA
34
MONECO Advisors
Connecticut
$582K +$188K +7,648 +49%
Jones Financial Companies
35
Jones Financial Companies
Missouri
$559K +$226K +9,210 +70%
KOC
36
Koss-Olinger Consulting
Florida
$535K – – –
Cerity Partners
37
Cerity Partners
New York
$507K +$499K +20,293 New
UBS Group
38
UBS Group
Switzerland
$494K +$221K +9,005 +83%
SG
39
StoneX Group
New York
$472K -$37.5K -1,526 -7%
HNB
40
Huntington National Bank
Ohio
$423K – – –
CAPTRUST Financial Advisors
41
CAPTRUST Financial Advisors
North Carolina
$417K +$169K +6,865 +70%
BPA
42
Beacon Pointe Advisors
California
$409K +$129K +5,242 +47%
JCM
43
Jacobi Capital Management
Pennsylvania
$349K +$59K +2,400 +21%
BFA
44
Bill Few Associates
Pennsylvania
$304K -$50.7K -2,063 -15%
HI
45
Harbour Investments
Wisconsin
$291K +$286K +11,638 New
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$287K +$62.9K +2,562 +29%
MML Investors Services
47
MML Investors Services
Massachusetts
$284K -$1.82K -74 -0.6%
CFGA
48
Cambridge Financial Group (Arizona)
Arizona
$243K +$239K +9,715 New
IA
49
IFG Advisory
Georgia
$239K +$235K +9,550 New
UCFA
50
United Capital Financial Advisors
Texas
$236K +$232K +9,451 New
1
2
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BSMW Hedge Fund Activity: Q3 2025 in Review

61 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2032 Municipal Bond ETF (BSMW) for Q3 2025, worth a combined $81.7M — up 13% from $72.2M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BSMW positions and 2 closed out — a net gain of 8 holders — while 33 added to existing stakes and 14 trimmed.

The largest buyer was Flow Traders U.S., opening a new position worth an estimated $1.96M. The largest seller was Jane Street, cutting an estimated $3.16M.

  • 61 institutional investors held Invesco BulletShares 2032 Municipal Bond ETF (BSMW) as of Q3 2025, up from 53 in Q2 2025.
  • Funds reported $81.7M of Invesco BulletShares 2032 Municipal Bond ETF stock for Q3 2025, up 13% quarter-over-quarter.
  • 10 funds opened new Invesco BulletShares 2032 Municipal Bond ETF positions in Q3 2025 and 2 closed out, a net change of +8 holders.
  • The largest Invesco BulletShares 2032 Municipal Bond ETF buyer in Q3 2025 was Flow Traders U.S., an estimated $1.96M added.
  • The largest Invesco BulletShares 2032 Municipal Bond ETF seller in Q3 2025 was Jane Street, an estimated $3.16M sold.

Based on aggregated 13F filings for Q3 2025.