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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
OFG
51
Opulen Financial Group
Virginia
$219K +$1.82K +74 +0.8%
CBT
52
Crews Bank & Trust
Florida
$196K – – –
FCAS
53
First Command Advisory Services
Texas
$151K +$19.5K +792 +15%
OP
54
ORG Partners
Indiana
$141K +$139K +5,650 New
FFA
55
Farther Finance Advisors
California
$134K +$132K +5,356 New
LFG
56
Larson Financial Group
Missouri
$127K – – –
ACA
57
Aptus Capital Advisors
Alabama
$124K +$1.03K +42 +0.9%
Comerica Bank
58
Comerica Bank
Texas
$93.5K -$983 -40 -1%
PS
59
Principal Securities
Iowa
$71.1K – – –
CAL
60
Capital Analysts LLC
Pennsylvania
$45K +$74 +3 +0.2%
PNC Financial Services Group
61
PNC Financial Services Group
Pennsylvania
$7.55K +$49 +2 +0.7%
Fidelity Investments
62
Fidelity Investments
Massachusetts
$1.31K -$25 -1 -2%
MLA
63
MB, Levis & Associates
Pennsylvania
– -$1.48M -60,474 Closed
AF
64
Advisornet Financial
Minnesota
– -$6.51K -266 Closed
1 2
3

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.