Invesco BulletShares 2032 Municipal Bond
BSMW • NASDAQ
Invesco BulletShares 2032 Municipal Bond is an exchange-traded fund on NASDAQ. As of Q3 2025, 61 institutional investors hold shares in this ETF, with total holdings valued at $81.4M. LPL Financial LLC is the largest holder with a position valued at $11.0M.
Overview
Overview of institutional ownership in BSMW as of Q3 2025
All Institutions
- Institutions
- 61
- Value Held
- $81.4M
- Shares Held
- 3.3M
- Avg Position
- $1.3M
- Median Position
- $635.5K
Hedge Funds
- Hedge Funds
- 1
- Value Held
- $1.8M
- Shares Held
- 71.9K
- Avg Position
- $1.8M
- Median Position
- $1.8M
Biggest Investors
Institutions with the largest positions in BSMW as of Q3 2025
| Institution | Position Value |
|---|---|
L LPL Financial LLC Institution | $11.0M 0.00% of portfolio |
 MORGAN STANLEY RIA/Wealth | $7.9M 0.00% of portfolio |
 Union Bankshares Corp Institution | $7.4M 0.14% of portfolio |
 WELLS FARGO & COMPANY/MN Institution | $5.5M 0.00% of portfolio |
 Stratos Wealth Advisors, LLC RIA/Wealth | $3.4M 0.17% of portfolio |
P PRECEDENT WEALTH PARTNERS, LLC RIA/Wealth | $3.4M 0.78% of portfolio |
 BANK OF AMERICA CORP /DE/ Institution | $3.1M 0.00% of portfolio |
 RAYMOND JAMES FINANCIAL INC RIA/Wealth | $2.8M 0.00% of portfolio |
 Envision Financial Planning, LLC RIA/Wealth | $2.7M 1.15% of portfolio |
 Kestra Advisory Services, LLC RIA/Wealth | $2.1M 0.01% of portfolio |
Net Capital Flow
Institutional buying and selling activity for BSMW in Q3 2025
- Traded
- +$7.8M
- Buyers
- 43
- Sellers
- 16
- Total Bought
- +$15.4M
- Total Sold
- −$7.6M
- Avg Position
- $1.3M
Biggest Buyers
| Institution | Net Bought |
|---|---|
F FLOW TRADERS U.S. LLC Institution | +$2.0M +79.7K shares |
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy | +$1.8M +71.9K shares |
Envision Financial Planning, LLC RIA/Wealth | +$1.3M +51.8K shares |
L LPL Financial LLC Institution | +$1.1M +44.5K shares |
Stratos Wealth Advisors, LLC RIA/Wealth | +$1.0M +41.0K shares |
H Hills Bank & Trust Co Institution | +$819.6K +32.8K shares |
 Lido Advisors, LLC RIA/Wealth | +$816.7K +32.7K shares |
 HPM Partners LLC RIA/Wealth | +$506.8K +20.3K shares |
Union Bankshares Corp Institution | +$487.2K +19.5K shares |
P PRECEDENT WEALTH PARTNERS, LLC RIA/Wealth | +$485.9K +19.5K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
J JANE STREET GROUP, LLC Institution | −$3.2M −128.4K shares |
 CONFLUENCE INVESTMENT MANAGEMENT LLC Long Only Manager | −$1.8M −72.2K shares |
 MB, LEVIS & ASSOCIATES, LLC RIA/Wealth | −$1.5M −60.5K shares |
 Sterling Financial Group, Inc. RIA/Wealth | −$517.5K −20.7K shares |
BANK OF AMERICA CORP /DE/ Institution | −$332.4K −13.3K shares |
 ENVESTNET ASSET MANAGEMENT INC Long Only Manager | −$55.7K −2.2K shares |
 Bill Few Associates, Inc. RIA/Wealth | −$51.5K −2.1K shares |
J J.W. COLE ADVISORS, INC. Institution | −$51.1K −2.0K shares |
 VestGen Advisors, LLC RIA/Wealth | −$47.3K −1.9K shares |
A Addison Advisors LLC Institution | −$39.6K −1.6K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited BSMW in Q3 2025
- New Positions
- 9
- New Value
- $6.2M
- Exited Positions
- 2
- Exited Value
- $1.5M
New Positions
| Institution | Position Value |
|---|---|
F FLOW TRADERS U.S. LLC Institution | $2.0M 79.7K shares |
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy | $1.8M 71.9K shares |
H Hills Bank & Trust Co Institution | $819.6K 32.8K shares |
HPM Partners LLC RIA/Wealth | $506.8K 20.3K shares |
 HARBOUR INVESTMENTS, INC. RIA/Wealth | $290.7K 11.6K shares |
 IFG Advisory, LLC RIA/Wealth | $238.5K 9.6K shares |
 UNITED CAPITAL FINANCIAL ADVISERS, LLC RIA/Wealth | $236.0K 9.5K shares |
 ORG Partners LLC RIA/Wealth | $141.1K 5.7K shares |
 Farther Finance Advisors, LLC RIA/Wealth | $133.8K 5.4K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
MB, LEVIS & ASSOCIATES, LLC RIA/Wealth | $1.5M 60.5K shares |
A AdvisorNet Financial, Inc Institution | $6.5K 266.0 shares |
Options Activity
Institutions with the largest Call and Put options positions in BSMW 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 BSMW as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
Envision Financial Planning, LLC RIA/Wealth | 1.15% $2.7M |
P PRECEDENT WEALTH PARTNERS, LLC RIA/Wealth | 0.78% $3.4M |
Sterling Financial Group, Inc. RIA/Wealth | 0.27% $845.7K |
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy | 0.21% $1.8M |
 Opulen Financial Group LLC RIA/Wealth | 0.17% $219.3K |
Stratos Wealth Advisors, LLC RIA/Wealth | 0.17% $3.4M |
 Key FInancial Inc RIA/Wealth | 0.16% $876.3K |
Union Bankshares Corp Institution | 0.14% $7.4M |
A Addison Advisors LLC Institution | 0.14% $589.3K |
 Clark Asset Management, LLC RIA/Wealth | 0.13% $1.1M |
Hedge Fund Spotlight
Discover hedge funds investing in BSMW
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 2032 Municipal Bond
- Market Value
- $1.8M
- Shares Held
- 71.9K
- Portfolio Weight
- 0.21%
- Owned Since
- 2025-Q3
| 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% |
