Vault-13

GOLDMAN SACHS ETF TR GMUB

MUNI INCOME ETF · ETP · CUSIP 38149W549

22 institutional holders +13 vs Q2 2025
2,004,6692.0m shares reported held*
$102.0mreported value*
14 new 5 added 3 reduced 0 sold out net bought ≈ $61.0m (+1.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $50.89.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 24: 5Q4 24: 4Q1 25: 6Q2 25: 9Q3 25: 2222Q3 24Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q3 20245
Q4 20244
Q1 20256
Q2 20259
Q3 202522

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q4 24: 3 bought or addedQ4 24: 1 cut or sold outQ4 24Q1 25: 3 bought or addedQ1 25: 2 cut or sold outQ1 25Q2 25: 6 bought or addedQ2 25: 3 cut or sold outQ2 25Q3 25: 19 bought or addedQ3 25: 3 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202431
Q1 202532
Q2 202563
Q3 2025193

Biggest buyers

STIFEL FINANCIAL CORP New +348,295+348.3k
Betterment LLC Added +245,844+245.8k
GoalVest Advisory LLC New +156,612+156.6k
FLOW TRADERS U.S. LLC Added +95,894+95.9k
Pinion Investment Advisors, LLC New +79,638+79.6k
JPMORGAN CHASE & CO New +74,918+74.9k
Berger Financial Group, Inc New +62,440+62.4k
GENTRY PRIVATE WEALTH, LLC New +49,799+49.8k
Masso Torrence Wealth Management Inc. New +44,875+44.9k
Pineridge Advisors LLC New +41,575+41.6k

Biggest sellers

JANE STREET GROUP, LLC Reduced -46,106-46.1k
GOLDMAN SACHS GROUP INC Reduced -21,428-21.4k
Landmark Wealth Management, LLC Reduced -5,956-6.0k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Betterment LLC 0.08% of their portfolio NEW YORK, NY 775,892775.9k $39.5m $39.5m 0.08% Added +245.8k +245,844
2 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 348,295348.3k $17.7m $17.7m 0.02% New
3 GoalVest Advisory LLC 1.69% of their portfolio New York, NY 156,612156.6k $8.0m $8.0m 1.69% New
4 FLOW TRADERS U.S. LLC 0.21% of their portfolio NEW YORK, NY 101,885101.9k $5.2m $5.2m 0.21% Added +95.9k +95,894
5 Pinion Investment Advisors, LLC 1.11% of their portfolio WICHITA, KS 79,63879.6k $4.1m $4.1m 1.11% New
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 74,91874.9k $3.8m $3.8m 0.00% New
7 Retirement Planning Group, LLC 0.13% of their portfolio LEAWOOD, KS 73,19273.2k $3.7m $3.7m 0.13% Added +17.4k +17,389
8 Sowell Financial Services LLC 0.13% of their portfolio NORTH LITTLE ROCK, AR 68,78868.8k $3.5m $3.5m 0.13% Added +24.3k +24,269
9 Berger Financial Group, Inc 0.19% of their portfolio PLYMOUTH, MN 62,44062.4k $3.2m $3.2m 0.19% New
10 GENTRY PRIVATE WEALTH, LLC 1.76% of their portfolio WICHITA, KS 49,79949.8k $2.5m $2.5m 1.76% New
11 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 46,84246.8k $2.4m $2.4m 0.00% Reduced -21.4k -21,428
12 Masso Torrence Wealth Management Inc. 0.95% of their portfolio MARLTON, NJ 44,87544.9k $2.3m $2.3m 0.95% New
13 Pineridge Advisors LLC 0.60% of their portfolio ST. CHARLES, MO 41,57541.6k $2.1m $2.1m 0.60% New
14 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 21,14721.1k $1.1m $1.1m 0.01% Added +988 +988
15 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 17,84617.8k $907.9k $907.9k 0.00% Reduced -46.1k -46,106
16 Capital Advisors Wealth Management, LLC 0.12% of their portfolio YAKIMA, WA 16,52816.5k $840.8k $840.8k 0.12% New
17 Landmark Wealth Management, LLC 0.23% of their portfolio MELVILLE, NY 11,35511.4k $577.7k $577.7k 0.23% Reduced -6.0k -5,956
18 FIRST AMERICAN TRUST, FSB 0.03% of their portfolio SANTA ANA, CA 8,0778.1k $410.9k $410.9k 0.03% New
19 WealthPlan Investment Management, LLC 0.01% of their portfolio OMAHA, NE 4,3304.3k $220.3k $220.3k 0.01% New
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 568568 $28.9k $28.9k 0.00% New
21 MASECO LLP 0.00% of their portfolio LONDON, X0 4343 $2.2k $2.2k 0.00% New
22 Activest Wealth Management 0.00% of their portfolio AVENTURA, FL 2424 $1.2k $1.2k 0.00% New