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Invesco BulletShares 2032 Municipal Bond ETF
BSMW

67 hedge funds and large institutions have $101M invested in Invesco BulletShares 2032 Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 39 increasing their positions, 12 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

700% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 1

225% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 12

23% more capital invested

Capital invested by funds: $81.7M → $101M (+$19.2M)

10% more funds holding

Funds holding: 61 → 67 (+6)

1.1% more ownership

Funds ownership: 67.79% → 68.89% (+1.1%)

Holders
67
Holders Change
+6
Holders Change %
+9.84%
% of All Funds
0.81%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
39
Reduced
12
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.05M
2
Invesco
Invesco
Georgia
+$2.43M
3
HBT
Hills Bank & Trust
Iowa
+$1.94M
4
MA
MONECO Advisors
Connecticut
+$1.78M
5
Jane Street
Jane Street
New York
+$1.52M

Top Sellers

Rank Fund Capital Flow
1
AUB
Atlantic Union Bankshares
Virginia
-$2.3M
2
FTUS
Flow Traders U.S.
New York
-$998K
3
EC
Elequin Capital
New York
-$931K
4
IWC
Integrated Wealth Concepts
Massachusetts
-$605K
5
BPA
Beacon Pointe Advisors
California
-$179K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFA
51
Bill Few Associates
Pennsylvania
$305K – – –
HI
52
Harbour Investments
Wisconsin
$302K +$10K +398 +3%
CFGA
53
Cambridge Financial Group (Arizona)
Arizona
$244K – – –
BPA
54
Beacon Pointe Advisors
California
$232K -$179K -7,140 -44%
IFG
55
Independent Financial Group
California
$226K +$226K +9,000 New
OFG
56
Opulen Financial Group
Virginia
$222K +$1.71K +68 +0.8%
CPC
57
Cookson Peirce & Co
Pennsylvania
$210K +$210K +8,370 New
CBT
58
Crews Bank & Trust
Florida
$197K – – –
FCAS
59
First Command Advisory Services
Texas
$152K +$503 +20 +0.3%
OP
60
ORG Partners
Indiana
$142K – – –
FFA
61
Farther Finance Advisors
California
$134K – – –
LFG
62
Larson Financial Group
Missouri
$128K – – –
ACA
63
Aptus Capital Advisors
Alabama
$126K +$955 +38 +0.8%
Comerica Bank
64
Comerica Bank
Texas
$72.4K -$21.5K -857 -23%
CAL
65
Capital Analysts LLC
Pennsylvania
$45K +$101 +4 +0.2%
NL
66
NorthAvenue LLC
Ohio
$36.4K +$36.5K +1,451 New
PNC Financial Services Group
67
PNC Financial Services Group
Pennsylvania
$7.65K +$75 +3 +1%
Fidelity Investments
68
Fidelity Investments
Massachusetts
$65 -$1.26K -50 -94%
PS
69
Principal Securities
Iowa
– -$71.1K -2,847 Closed
1 2
3

BSMW Hedge Fund Activity: Q4 2025 in Review

67 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2032 Municipal Bond ETF (BSMW) for Q4 2025, worth a combined $101M — up 23% from $81.7M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new BSMW positions and 1 closed out — a net gain of 7 holders — while 39 added to existing stakes and 12 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.05M. The largest seller was Atlantic Union Bankshares, cutting an estimated $2.3M.

  • 67 institutional investors held Invesco BulletShares 2032 Municipal Bond ETF (BSMW) as of Q4 2025, up from 61 in Q3 2025.
  • Funds reported $101M of Invesco BulletShares 2032 Municipal Bond ETF stock for Q4 2025, up 23% quarter-over-quarter.
  • 8 funds opened new Invesco BulletShares 2032 Municipal Bond ETF positions in Q4 2025 and 1 closed out, a net change of +7 holders.
  • The largest Invesco BulletShares 2032 Municipal Bond ETF buyer in Q4 2025 was Morgan Stanley, an estimated $3.05M added.
  • The largest Invesco BulletShares 2032 Municipal Bond ETF seller in Q4 2025 was Atlantic Union Bankshares, an estimated $2.3M sold.

Based on aggregated 13F filings for Q4 2025.