Invesco BulletShares 2028 Municipal Bond
BSMS • NASDAQ
Invesco BulletShares 2028 Municipal Bond is an exchange-traded fund on NASDAQ. As of Q3 2025, 105 institutional investors hold shares in this ETF, with total holdings valued at $152.4M. LPL Financial LLC is the largest holder with a position valued at $10.0M.
Overview
Overview of institutional ownership in BSMS as of Q3 2025
All Institutions
- Institutions
- 105
- Value Held
- $152.4M
- Shares Held
- 6.5M
- Avg Position
- $1.5M
- Median Position
- $450.0K
Hedge Funds
- Hedge Funds
- 1
- Value Held
- $2.3M
- Shares Held
- 100.0K
- Avg Position
- $2.3M
- Median Position
- $2.3M
Biggest Investors
Institutions with the largest positions in BSMS as of Q3 2025
| Institution | Position Value |
|---|---|
L LPL Financial LLC Institution | $10.0M 0.00% of portfolio |
 MORGAN STANLEY RIA/Wealth | $9.7M 0.00% of portfolio |
 BB&T CORP Institution | $6.9M 0.01% of portfolio |
 COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth | $6.2M 0.01% of portfolio |
 WELLS FARGO & COMPANY/MN Institution | $6.0M 0.00% of portfolio |
 BANK OF AMERICA CORP /DE/ Institution | $5.7M 0.00% of portfolio |
 Kathmere Capital Management, LLC RIA/Wealth | $5.6M 0.40% of portfolio |
 Invesco Ltd. ETF Provider | $5.5M 0.00% of portfolio |
 Summit Financial, LLC RIA/Wealth | $5.1M 0.08% of portfolio |
C CENTRAL VALLEY ADVISORS, LLC Institution | $4.4M 1.37% of portfolio |
Net Capital Flow
Institutional buying and selling activity for BSMS in Q3 2025
- Traded
- +$27.2M
- Buyers
- 66
- Sellers
- 25
- Total Bought
- +$33.4M
- Total Sold
- −$6.2M
- Avg Position
- $1.4M
Biggest Buyers
| Institution | Net Bought |
|---|---|
BB&T CORP Institution | +$6.9M +294.6K shares |
Summit Financial, LLC RIA/Wealth | +$5.1M +216.4K shares |
MORGAN STANLEY RIA/Wealth | +$3.6M +155.5K shares |
H Hills Bank & Trust Co Institution | +$2.9M +121.9K shares |
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy | +$2.3M +99.7K shares |
L LPL Financial LLC Institution | +$1.2M +50.0K shares |
 SIGNATUREFD, LLC RIA/Wealth | +$934.2K +39.9K shares |
 GOLDMAN SACHS GROUP INC Institution | +$822.9K +35.1K shares |
Invesco Ltd. ETF Provider | +$511.3K +21.8K shares |
 Integrated Wealth Concepts LLC RIA/Wealth | +$495.0K +21.1K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
J JANE STREET GROUP, LLC Institution | −$3.3M −139.5K shares |
 Garrett Investment Advisors LLC RIA/Wealth | −$395.7K −16.9K shares |
 Duncan Williams Asset Management, LLC RIA/Wealth | −$357.2K −15.4K shares |
Kathmere Capital Management, LLC RIA/Wealth | −$328.0K −14.0K shares |
 Savant Capital, LLC RIA/Wealth | −$303.9K −13.1K shares |
 Eqis Capital Management, Inc. RIA/Wealth | −$279.8K −12.0K shares |
H HRT FINANCIAL LLC Institution | −$214.6K −9.2K shares |
−$201.9K −8.6K shares | |
−$126.8K −5.4K shares | |
 Bill Few Associates, Inc. RIA/Wealth | −$100.8K −4.3K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited BSMS in Q3 2025
- New Positions
- 11
- New Value
- $14.1M
- Exited Positions
- 6
- Exited Value
- $1.3M
New Positions
| Institution | Position Value |
|---|---|
BB&T CORP Institution | $6.9M 294.6K shares |
Summit Financial, LLC RIA/Wealth | $5.1M 216.4K shares |
 River Street Advisors LLC RIA/Wealth | $442.2K 18.9K shares |
 AMERIPRISE FINANCIAL INC Institution | $305.3K 13.0K shares |
 Hartland & Co., LLC RIA/Wealth | $298.7K 12.8K shares |
 Accurate Wealth Management, LLC RIA/Wealth | $228.7K 9.7K shares |
 LLBH Private Wealth Management, LLC RIA/Wealth | $208.7K 8.9K shares |
 Astoria Portfolio Advisors LLC. Fund of Funds | $208.1K 8.9K shares |
C Community Bank & Trust, Waco, Texas Institution | $208.1K 8.9K shares |
 O'SHAUGHNESSY ASSET MANAGEMENT, LLC Long Only Manager | $160.5K 6.9K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
Duncan Williams Asset Management, LLC RIA/Wealth | $357.2K 15.4K shares |
Savant Capital, LLC RIA/Wealth | $303.9K 13.1K shares |
Eqis Capital Management, Inc. RIA/Wealth | $279.8K 12.0K shares |
H HRT FINANCIAL LLC Institution | $214.6K 9.2K shares |
B BRYN MAWR TRUST CO/PA Institution | $98.5K 4.2K shares |
A AdvisorNet Financial, Inc Institution | $8.2K 355.0 shares |
Options Activity
Institutions with the largest Call and Put options positions in BSMS as of Q3 2025
- Call Positions
- 0
- Call Value
- -
- Put Positions
- 0
- Put Value
- -
Call Positions
| Institution | Position Value |
|---|---|
| No call positions found | |
Put Positions
| Institution | Position Value |
|---|---|
| No put positions found | |
Most Committed Institutions
Institutions with BSMS as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
C CENTRAL VALLEY ADVISORS, LLC Institution | 1.37% $4.4M |
P PRECEDENT WEALTH PARTNERS, LLC RIA/Wealth | 0.78% $3.4M |
 Key FInancial Inc RIA/Wealth | 0.78% $4.2M |
Kathmere Capital Management, LLC RIA/Wealth | 0.40% $5.6M |
 Horizons Wealth Management RIA/Wealth | 0.32% $469.5K |
 WESPAC Advisors, LLC RIA/Wealth | 0.30% $507.0K |
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy | 0.27% $2.3M |
 Cooksen Wealth, LLC RIA/Wealth | 0.26% $352.3K |
 MEMBERS WEALTH LLC RIA/Wealth | 0.26% $406.3K |
 MONECO Advisors, LLC RIA/Wealth | 0.26% $3.1M |
Hedge Fund Spotlight
Discover hedge funds investing in BSMS
E
ELEQUIN CAPITAL LP
Hedge Fund • Multi-Strategy
Portfolio ManagerPeter German Gutierrez
- Portfolio Value
- $864.9M
- Positions
- 104
- Last Reported
- Q3 2025
Sector Allocation
Position in Invesco BulletShares 2028 Municipal Bond
- Market Value
- $2.3M
- Shares Held
- 100.0K
- Portfolio Weight
- 0.27%
- Owned Since
- 2025-Q2
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Auto - Manufacturers Consumer Cyclical | $204.2M | 23.62% | |
Software - Infrastructure Technology | $77.7M | 8.98% | |
Semiconductors Technology | $56.6M | 6.54% |
