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Invesco BulletShares 2032 Municipal Bond ETF
BSMW

64 hedge funds and large institutions have $111M invested in Invesco BulletShares 2032 Municipal Bond ETF in 2026 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 35 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

192% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 12

10% more capital invested

Capital invested by funds: $101M → $111M (+$10.4M)

1.4% less ownership

Funds ownership: 68.89% → 67.49% (-1.4%)

4% less funds holding

Funds holding: 67 → 64 (-3)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
64
Holders Change
-3
Holders Change %
-4.48%
% of All Funds
0.79%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
35
Reduced
12
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$2.68M
2
CIM
Confluence Investment Management
Missouri
+$2.62M
3
SWA
Stratos Wealth Advisors
Ohio
+$1.88M
4
Bank of America
Bank of America
North Carolina
+$1.59M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.33M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$1.66M
2
EC
Elequin Capital
New York
-$876K
3
JWCA
J.W. Cole Advisors
Florida
-$658K
4
KOC
Koss-Olinger Consulting
Florida
-$549K
5
ADL
Asset Dedication LLC
California
-$538K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$11.5M +$656K +25,963 +6%
LPL Financial
2
LPL Financial
California
$10.5M -$381K -15,082 -3%
SWA
3
Stratos Wealth Advisors
Ohio
$5.93M +$1.88M +74,266 +45%
Wells Fargo
4
Wells Fargo
California
$5.89M -$99.2K -3,927 -2%
AUB
5
Atlantic Union Bankshares
Virginia
$5.62M +$552K +21,842 +11%
CIM
6
Confluence Investment Management
Missouri
$5.29M +$2.62M +103,654 +95%
Bank of America
7
Bank of America
North Carolina
$4.94M +$1.59M +62,739 +46%
Invesco
8
Invesco
Georgia
$4.21M -$66.8K -2,643 -2%
PWP
9
Precedent Wealth Partners
Texas
$4.01M +$294K +11,640 +8%
Raymond James Financial
10
Raymond James Financial
Florida
$3.63M +$195K +7,737 +6%
UBS Group
11
UBS Group
Switzerland
$3.45M +$2.68M +106,240 +327%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$2.91M +$1.33M +52,742 +82%
HBT
13
Hills Bank & Trust
Iowa
$2.87M +$142K +5,610 +5%
MA
14
MONECO Advisors
Connecticut
$2.84M +$511K +20,237 +22%
EFP
15
Envision Financial Planning
Tennessee
$2.81M +$129K +5,097 +5%
KAS
16
Kestra Advisory Services
Texas
$2.69M +$262K +10,368 +11%
Lido Advisors
17
Lido Advisors
California
$2.67M +$200K +7,900 +8%
HighTower Advisors
18
HighTower Advisors
Illinois
$2.64M +$1.3M +51,556 +94%
Ameriprise
19
Ameriprise
Minnesota
$2.24M +$552K +21,829 +32%
LPT
20
Legacy Private Trust
Wisconsin
$1.73M +$1.1M +43,735 +168%
CAM
21
Clark Asset Management
New Hampshire
$1.72M +$559K +22,115 +47%
Northwestern Mutual Wealth Management
22
Northwestern Mutual Wealth Management
Wisconsin
$1.63M +$201K +7,941 +14%
Stifel Financial
23
Stifel Financial
Missouri
$1.44M +$389K +15,381 +36%
KFI
24
Key Financial Inc
Pennsylvania
$1.23M +$270K +10,695 +28%
Osaic Holdings
25
Osaic Holdings
Arizona
$1.21M +$444K +17,556 +56%
1
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BSMW Hedge Fund Activity: Q1 2026 in Review

64 of the 8,127 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2032 Municipal Bond ETF (BSMW) for Q1 2026, worth a combined $111M — up 10% from $101M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of BSMW and 6 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 35 added.

The largest buyer was UBS Group, adding an estimated $2.68M. The largest seller was Jane Street, cutting an estimated $1.66M.

  • 64 institutional investors held Invesco BulletShares 2032 Municipal Bond ETF (BSMW) as of Q1 2026, down from 67 in Q4 2025.
  • Funds reported $111M of Invesco BulletShares 2032 Municipal Bond ETF stock for Q1 2026, up 10% quarter-over-quarter.
  • 6 funds opened new Invesco BulletShares 2032 Municipal Bond ETF positions in Q1 2026 and 7 closed out, a net change of -1 holder.
  • The largest Invesco BulletShares 2032 Municipal Bond ETF buyer in Q1 2026 was UBS Group, an estimated $2.68M added.
  • The largest Invesco BulletShares 2032 Municipal Bond ETF seller in Q1 2026 was Jane Street, an estimated $1.66M sold.

Based on aggregated 13F filings for Q1 2026.