Who Owns Invesco BulletShares 2032 Municipal Bond ETF (BSMW)?Hedge Fund & Institutional Holders

$25.17+0.05 (+0.21%)Financial ServicesNASDAQ

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$5.000000432000041e+246T

% of Float Held

—

QoQ Change in Holders

+9 / -2

Price History

$23.75$24.26$24.77$25.27$25.78Aug 24May 25Mar 26

BSMW — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
Stratos Wealth Advisors, LLCNew Position+164K+$4.1B
Invesco Ltd.Increased+97K+$2.4B
MONECO ADVISORS, LLCNew Position+94K+$2.4B
BANK OF AMERICA CORP /DE/Increased+12K+$2.0B
CONFLUENCE INVESTMENT MANAGEMENT LLCIncreased+57K+$1.4B
Clark Asset Management, LLCNew Position+47K+$1.2B
J.W. COLE ADVISORS, INC.New Position+26K+$658.0M
Legacy Private Trust Co.New Position+26K+$653.0M
Koss-Olinger Consulting, LLCNew Position+22K+$549.0M
PRECEDENT WEALTH PARTNERS, LLCIncreased+13K+$347.6M
UBS Group AGIncreased+13K+$320.6M
Bill Few Associates, Inc.New Position+12K+$305.0M
VestGen Advisors, LLCIncreased+12K+$259.3M
Crews Bank & TrustNew Position+8K+$197.0M
First Command Advisory Services, Inc.New Position+6K+$151.0M

BSMW — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
LPL Financial LLCDecreased-5K-$11.0B
AMERIPRISE FINANCIAL INCDecreased-2K-$1.8B
Integrated Wealth Concepts LLCDecreased-24K-$1.2B
Elequin Capital, LPDecreased-37K-$920.9M
Sterling Financial Group, Inc.Closed Position-34K-$845.7M
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CODecreased-21K-$755.5M
StoneX Group Inc.Decreased-6K-$471.8M
Beacon Pointe Advisors, LLCDecreased-7K-$408.8M
Equitable Holdings, Inc.Decreased-655-$50.4M
Addison Advisors LLCDecreased-2K-$37.3M
COMERICA BANKDecreased-857-$21.5M
FLOW TRADERS U.S. LLCDecreased-40K-$2.0M
PRINCIPAL SECURITIES, INC.Closed Position-3K-$71K
FMR LLCDecreased-50-$1K

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1WELLS FARGO & COMPANY/MN214,071$5.0B0.91%Share
2Invesco Ltd.172,080$4.3B0.66%Share
3Stratos Wealth Advisors, LLC164,384$4.1B0.20%Share
4PRECEDENT WEALTH PARTNERS, LLC149,715$3.8B0.79%Share
5CONFLUENCE INVESTMENT MANAGEMENT LLC109,012$2.7B41.01%Share
6Envision Financial Planning, LLC107,787$2.7B1.02%Share
7MONECO ADVISORS, LLC94,052$2.4B0.19%Share
8BANK OF AMERICA CORP /DE/100,662$2.0B0.15%Share
9RAYMOND JAMES FINANCIAL INC100,235$2.0B0.62%Share
10Clark Asset Management, LLC47,192$1.2B0.12%Share
11VestGen Advisors, LLC42,001$1.0B0.04%Share
12STIFEL FINANCIAL CORP42,670$1.0B0.90%Share
13Equitable Holdings, Inc.41,404$1.0B6.84%Share
14Asset Dedication, LLC39,455$990.0M0.06%Share
15Elequin Capital, LP34,885$875.0M0.07%Share
16UBS Group AG32,473$815.0M0.13%Share
17J.W. COLE ADVISORS, INC.26,210$658.0M0.02%Share
18Addison Advisors LLC21,995$552.0M0.12%Share
19Koss-Olinger Consulting, LLC21,854$549.0M0.04%Share
20Jacobi Capital Management LLC16,886$424.0M0.02%Share
21Legacy Private Trust Co.16,830$422.0M0.02%Share
22Bill Few Associates, Inc.12,157$305.0M0.07%Share
23Cambridge Financial Group, LLC9,715$244.0M0.08%Share
24Legacy Private Trust Co.9,205$231.0M0.01%Share
25Opulen Financial Group LLC8,850$222.0M0.16%Share
26Crews Bank & Trust7,850$197.0M0.03%Share
27First Command Advisory Services, Inc.6,047$151.0M1.05%Share
28Farther Finance Advisors, LLC5,356$134.0M1.44%Share
29COMERICA BANK2,885$72.0M0.29%Share
30MORGAN STANLEY438,308$11.0M0.00%Share
31LPL Financial LLC437,004$10.0M0.00%Share
32Atlantic Union Bankshares Corp182,458$4.6M0.09%Share
33Hills Bank & Trust Co109,974$2.8M0.00%Share
34Lido Advisors, LLC99,700$2.0M0.01%Share
35JANE STREET GROUP, LLC85,448$2.0M0.00%Share
36Kestra Advisory Services, LLC98,040$2.0M0.01%Share
37MML INVESTORS SERVICES, LLC48,187$1.0M0.00%Share
38HighTower Advisors, LLC54,628$1.0M0.00%Share
39ENVESTNET ASSET MANAGEMENT INC64,434$1.0M0.00%Share
40Key FInancial Inc38,708$971K0.18%Share
41Sequoia Financial Advisors, LLC31,040$779K0.00%Share
42Marietta Wealth Management, LLC28,300$710K0.08%Share
43NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO8,896$454K0.00%Share
44Invariant Investment Management16,060$406K0.26%Share
45Atlantic Union Bankshares Corp12,636$317K0.01%Share
46HARBOUR INVESTMENTS, INC.12,036$302K0.01%Share
47Atlantic Union Bankshares Corp9,129$229K0.00%Share
48Capital Analysts, LLC1,809$45K0.00%Share
49FLOW TRADERS U.S. LLC40,005$1K0.03%Share
50COMMONWEALTH EQUITY SERVICES, LLC35,250$00.00%Share

BSMW Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 202566$40.1B+19
Q3 202547$48.4B+1
Q2 202546$58.8B-11
Q1 202557$67.9B+8
Q4 202449$678.6B+14
Q3 202435$8.1T+2
Q2 202433$3.8T+8
Q1 202425$4.7T—

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As of Q4 2025, 50 institutional investors hold BSMW (Invesco BulletShares 2032 Municipal Bond ETF). The largest holder is WELLS FARGO & COMPANY/MN with $5.0B in shares. This quarter, 9 institutions opened new positions and 2 closed their positions.

Frequently Asked Questions

How many hedge funds own BSMW?

As of Q4 2025, 50 institutional investors report holding BSMW (Invesco BulletShares 2032 Municipal Bond ETF) in their 13F filings.

Who is the largest institutional holder of BSMW?

The largest institutional holder of BSMW is WELLS FARGO & COMPANY/MN with $5.0B in shares.

Is institutional ownership of BSMW increasing or decreasing?

This quarter, 9 institutions opened new positions in BSMW and 2 closed their positions.