Vault-13

INVESCO EXCH TRADED FD TR II BAB

TAXABLE MUN BD · ETP · CUSIP 46138G805

187 institutional holders +3 vs Q1 2025
21,971,81722.0m shares reported held*
$583.4mreported value*
16 new 70 added 59 reduced 16 sold out net sold ≈ $22.9m (-837.5k 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 ($185.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.55. Options: 3 managers hold calls ($980.3k notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 182Q4 22: 178Q1 23: 182Q2 23: 188Q3 23: 183Q4 23: 195Q1 24: 203Q2 24: 203Q3 24: 192Q4 24: 197Q1 25: 184Q2 25: 187187Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022182
Q4 2022178
Q1 2023182
Q2 2023188
Q3 2023183
Q4 2023195
Q1 2024203
Q2 2024203
Q3 2024192
Q4 2024197
Q1 2025184
Q2 2025187

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 79 bought or addedQ3 23: 75 cut or sold outQ4 23: 90 bought or addedQ4 23: 80 cut or sold outQ4 23Q1 24: 99 bought or addedQ1 24: 81 cut or sold outQ2 24: 84 bought or addedQ2 24: 93 cut or sold outQ2 24Q3 24: 82 bought or addedQ3 24: 78 cut or sold outQ4 24: 84 bought or addedQ4 24: 84 cut or sold outQ4 24Q1 25: 65 bought or addedQ1 25: 100 cut or sold outQ2 25: 86 bought or addedQ2 25: 75 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20237975
Q4 20239080
Q1 20249981
Q2 20248493
Q3 20248278
Q4 20248484
Q1 202565100
Q2 20258675

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3mQ3 24 calls: $2.3mQ3 24 puts: $432.8kQ3 24P/C 0.19Q4 24 calls: $730.9kQ4 24 puts: $31.4kQ4 24P/C 0.04Q1 25 calls: $640.6kQ1 25 puts: $245.5kQ1 25P/C 0.38Q2 25 calls: $980.3kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$2.3m$432.8k0.19
Q4 2024$730.9k$31.4k0.04
Q1 2025$640.6k$245.5k0.38
Q2 2025$980.3k$00.00

Biggest buyers

ROYAL BANK OF CANADA Added +205,495+205.5k
JANE STREET GROUP, LLC Added +173,932+173.9k
HighTower Advisors, LLC Added +48,623+48.6k
Hobbs Group Advisors, LLC Added +43,466+43.5k
Tidal Investments LLC New +42,818+42.8k
AMERIPRISE FINANCIAL INC Added +41,295+41.3k
Modern Wealth Management, LLC New +40,618+40.6k
GOULD ASSET MANAGEMENT LLC /CA/ Added +40,588+40.6k
BANK OF MONTREAL /CAN/ Added +34,712+34.7k
&PARTNERS Added +31,073+31.1k

Biggest sellers

Onyx Bridge Wealth Group LLC Reduced -344,249-344.2k
RATIONAL ADVISORS, INC. Reduced -326,123-326.1k
SCHMIDT P J INVESTMENT MANAGEMENT INC Sold out -212,869-212.9k
LPL Financial LLC Reduced -153,038-153.0k
White Pine Investment CO Sold out -120,964-121.0k
PNC Financial Services Group, Inc. Reduced -117,081-117.1k
Baker Avenue Asset Management, LP Sold out -101,434-101.4k
BNP PARIBAS FINANCIAL MARKETS Reduced -101,151-101.2k
ENVESTNET ASSET MANAGEMENT INC Reduced -72,546-72.5k
MML INVESTORS SERVICES, LLC Reduced -67,978-68.0k

Biggest calls

CITADEL ADVISORS LLC Added $949.8k35.8k shares
GROUP ONE TRADING LLC Reduced $30.6k700 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,537,7811.5m $40.8m $40.8m 0.01% Added +4.7k +4,693
2 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 1,319,3581.3m $35.0m $35.0m 0.04% Added +48.6k +48,623
3 STATE OF WISCONSIN INVESTMENT BOARD 0.09% of their portfolio MADISON, WI 1,318,8001.3m $35.0m $35.0m 0.09% Unchanged
4 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,210,3881.2m $32.1m $32.1m 0.01% Added +41.3k +41,295
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,101,4331.1m $29.2m $29.2m 0.00% Added +14.5k +14,485
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 774,495774.5k $20.5m $20.5m 0.00% Added +14.7k +14,743
7 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 765,010765.0k $20.3m $20.3m 0.01% Reduced -72.5k -72,546
8 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 735,554735.6k $19.5m $19.5m 0.01% Added +34.7k +34,712
9 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 735,073735.1k $19.5m $19.5m 0.01% Reduced -117.1k -117,081
10 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.30% of their portfolio TOKYO, M0 681,581681.6k $18.1m $18.1m 0.30% Reduced -59.4k -59,376
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 665,889665.9k $17.7m $17.7m 0.00% Added +15.8k +15,792
12 GOULD ASSET MANAGEMENT LLC /CA/ 3.12% of their portfolio CLAREMONT, CA 600,486600.5k $15.9m $15.9m 3.12% Added +40.6k +40,588
13 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 565,488565.5k $15.0m $15.0m 0.02% Added +173.9k +173,932
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 497,211497.2k $13.2m $13.2m 0.00% Reduced -13.8k -13,757
15 CONNING INC. 0.45% of their portfolio HARTFORD, CT 490,000490.0k $13.0m $13.0m 0.45% Unchanged
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 457,084457.1k $12.1m $12.1m 0.00% Added +205.5k +205,495
17 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 388,146388.1k $10.3m $10.3m 0.00% Reduced -153.0k -153,038
18 Tortoise Investment Management, LLC 0.98% of their portfolio WHITE PLAINS, NY 386,850386.9k $10.3m $10.3m 0.98% Reduced -2.9k -2,940
19 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 367,643367.6k $9.8m $9.8m 0.00% Added +9.7k +9,687
20 Kingsview Wealth Management, LLC 0.15% of their portfolio GRANTS PASS, OR 340,868340.9k $9.0m $9.0m 0.15% Added +13.3k +13,299
21 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 274,268274.3k $7.3m $7.3m 0.01% Added +8.1k +8,095
22 Maltin Wealth Management, Inc. 3.10% of their portfolio RIDGEWOOD, NJ 259,337259.3k $6.9m $6.9m 3.10% Added +23.9k +23,898
23 GUGGENHEIM CAPITAL LLC 0.05% of their portfolio CHICAGO, IL 246,847246.8k $6.5m $6.5m 0.05% Added +24.4k +24,409
24 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 244,987245.0k $6.5m $6.5m 0.00% Reduced -2.8k -2,767
25 Wealthspire Advisors, LLC 0.03% of their portfolio NEW YORK, NY 216,111216.1k $5.7m $5.7m 0.03% Reduced -28.2k -28,197
26 NewEdge Wealth, LLC 0.09% of their portfolio STAMFORD, CT 203,271203.3k $5.4m $5.4m 0.09% Added +13.4k +13,439
27 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 200,000200.0k $5.3m $5.3m 0.00% Unchanged
28 Shelter Mutual Insurance Co 1.22% of their portfolio COLUMBIA, MO 198,589198.6k $5.3m $5.3m 1.22% Unchanged
29 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 196,609196.6k $5.2m $5.2m 0.01% Reduced -4.5k -4,520
30 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 193,361193.4k $5.1m $5.1m 0.01% Reduced -13.0k -12,973
31 KEYBANK NATIONAL ASSOCIATION/OH 0.02% of their portfolio BROOKLYN, OH 180,630180.6k $4.8m $4.8m 0.02% Reduced -860 -860
32 Freedom Investment Management, Inc. 0.36% of their portfolio SOUTH WINDSOR, CT 171,698171.7k $4.6m $4.6m 0.36% Reduced -12.1k -12,073
33 Hobbs Group Advisors, LLC 1.55% of their portfolio COLUMBIA, SC 170,650170.7k $4.5m $4.5m 1.55% Added +43.5k +43,466
34 RATIONAL ADVISORS, INC. 0.41% of their portfolio San Juan, PR 157,852157.9k $4.2m $4.2m 0.41% Reduced -326.1k -326,123
35 COUNTRY TRUST BANK 0.08% of their portfolio Bloomington, IL 140,000140.0k $3.7m $3.7m 0.08% Unchanged
36 Hershey Financial Advisers, LLC 3.17% of their portfolio LANCASTER, PA 133,502133.5k $3.5m $3.5m 3.17% First filing
37 Lakeshore Capital Group, Inc. 2.91% of their portfolio Rolling Meadows, IL 123,505123.5k $3.3m $3.3m 2.91% Reduced -320 -320
38 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 119,985120.0k $3.2m $3.2m 0.00% Reduced -6.6k -6,636
39 MONEY CONCEPTS CAPITAL CORP 0.21% of their portfolio PALM BEACH GARDENS, FL 117,281117.3k $3.1m $3.1m 0.21% Added +1.3k +1,255
40 WRAPMANAGER INC 0.74% of their portfolio MILL VALLEY, CA 114,938114.9k $3.0m $3.0m 0.74% Added +13.7k +13,673
41 Hudson Capital Management LLC 0.83% of their portfolio RAMSEY, NJ 110,915110.9k $2.9m $2.9m 0.83% Reduced -3.0k -3,038
42 Oceanside Advisors LLC 1.90% of their portfolio MOUNT PLEASANT, SC 107,036107.0k $2.8m $2.8m 1.90% Added +4.1k +4,131
43 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 106,096106.1k $2.8m $2.8m 0.01% Added +16.4k +16,430
44 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 104,132104.1k $2.8m $2.8m 0.00% Reduced -8.2k -8,169
45 Astoria Portfolio Advisors LLC. 0.73% of their portfolio NEW YORK, NY 98,62698.6k $2.6m $2.6m 0.73% Added +4.4k +4,426
46 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 96,94096.9k $2.6m $2.6m 0.01% Added +15.0k +14,960
47 Patten Group, Inc. 0.48% of their portfolio CHATTANOOGA, TN 86,14086.1k $2.3m $2.3m 0.48% Reduced -4.2k -4,232
48 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 81,99082.0k $2.2m $2.2m 0.00% Reduced -23 -23
49 Signature Wealth Management Group 0.82% of their portfolio ATLANTA, GA 78,80078.8k $2.1m $2.1m 0.82% Added +3.3k +3,338
50 TI-TRUST, INC 1.31% of their portfolio QUINCY, IL 73,46273.5k $1.9m $1.9m 1.31% Added +17.0k +17,006
51 KG Capital Management 0.55% of their portfolio ST. FRANCISVILLE, LA 70,76570.8k $1.9m $1.9m 0.55% Added +2.0k +1,984
52 Advisory Alpha, LLC 0.06% of their portfolio HOLLAND, MI 70,66970.7k $1.9m $1.9m 0.06% Added +17.8k +17,838
53 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 66,60666.6k $1.8m $1.8m 0.01% Reduced -68.0k -67,978
54 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 65,13765.1k $1.7m $1.7m 0.01% Added +7.5k +7,535
55 ANDERSON HOAGLAND & CO 0.16% of their portfolio ST LOUIS, MO 64,26764.3k $1.7m $1.7m 0.16% Reduced -1.1k -1,079
56 PFG Investments, LLC 0.10% of their portfolio WOODBURY, NY 61,26061.3k $1.6m $1.6m 0.10% Added +472 +472
57 STAR Financial Bank 1.01% of their portfolio FORT WAYNE, IN 59,90959.9k $1.6m $1.6m 1.01% Added +16.9k +16,869
58 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 58,33558.3k $1.5m $1.5m 0.00% Reduced -6.8k -6,786
59 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 57,68557.7k $1.5m $1.5m 0.01% Added +3.5k +3,533
60 D L CARLSON INVESTMENT GROUP INC 0.27% of their portfolio CONCORD, NH 56,55956.6k $1.5m $1.5m 0.27% Reduced -40.6k -40,574
61 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 54,86154.9k $1.5m $1.5m 0.01% Reduced -466 -466
62 PETRA FINANCIAL ADVISORS INC 0.92% of their portfolio COLORADO SRPINGS, CO 54,50354.5k $1.4m $1.4m 0.92% Reduced -1.2k -1,243
63 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 49,09749.1k $1.3m $1.3m 0.01% Added +5.4k +5,385
64 ROBERTS GLORE & CO INC /IL/ 0.37% of their portfolio DEERFIELD, IL 48,00248.0k $1.3m $1.3m 0.37% Unchanged
65 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 47,33447.3k $1.3m $1.3m 0.00% Added +27.8k +27,806
66 Smartleaf Asset Management LLC 0.11% of their portfolio BOSTON, MA 47,02747.0k $1.2m $1.2m 0.11% Reduced -472 -472
67 SSA SWISS ADVISORS AG 0.57% of their portfolio ZURICH, V8 45,18645.2k $1.2m $1.2m 0.57% Reduced -4.2k -4,181
68 Eagle Bluffs Wealth Management LLC 0.56% of their portfolio COLUMBIA, MO 44,61144.6k $1.2m $1.2m 0.56% Reduced -6.1k -6,119
69 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 44,51744.5k $1.2m $1.2m 0.00% Reduced -101.2k -101,151
70 DONALDSON CAPITAL MANAGEMENT, LLC 0.04% of their portfolio EVANSVILLE, IN 43,88843.9k $1.2m $1.2m 0.04% Reduced -254 -254
71 Family Legacy, Inc. 0.37% of their portfolio GREENVILLE, SC 43,21643.2k $1.1m $1.1m 0.37% Added +458 +458
72 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 42,81842.8k $1.1m $1.1m 0.01% New
73 Modern Wealth Management, LLC 0.03% of their portfolio KANSAS CITY, MO 40,61840.6k $1.1m $1.1m 0.03% New
74 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 40,07240.1k $1.1m $1.1m 0.01% Added +31.1k +31,073
75 Onyx Bridge Wealth Group LLC 0.14% of their portfolio TARRYTOWN, NY 38,84138.8k $1.0m $1.0m 0.14% Reduced -344.2k -344,249
76 Glassy Mountain Advisors, Inc. 0.31% of their portfolio BETHESDA, MD 36,26036.3k $962.0k $962.0k 0.31% Added +760 +760
77 Savvy Advisors, Inc. 0.06% of their portfolio NEW YORK, NY 35,94335.9k $953.6k $953.6k 0.06% Added +1.7k +1,720
78 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 32,68032.7k $867.0k $867.0k 0.00% Added +16.5k +16,483
79 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 32,11932.1k $852.0k $852.0k 0.00% Reduced -1.3k -1,262
80 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 31,15031.1k $826.4k $826.4k 0.00% Added +17.0k +16,968
81 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 30,16130.2k $800.2k $800.2k 0.00% Reduced -461 -461
82 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 29,64129.6k $786.0k $786.0k 0.00% Added +644 +644
83 Whipplewood Advisors, LLC 0.43% of their portfolio LITTLETON, CO 29,48329.5k $782.2k $782.2k 0.43% Added +24.8k +24,762
84 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 29,42229.4k $780.6k $780.6k 0.00% Added +370 +370
85 Hilltop Holdings Inc. 0.05% of their portfolio DALLAS, TX 28,18128.2k $747.6k $747.6k 0.05% Added +5.2k +5,239
86 Bangor Savings Bank 0.07% of their portfolio BANGOR, ME 27,53327.5k $730.5k $730.5k 0.07% Reduced -6.8k -6,787
87 MGO ONE SEVEN LLC 0.02% of their portfolio Beachwood, OH 27,24427.2k $722.8k $722.8k 0.02% Reduced -2.2k -2,154
88 World Investment Advisors 0.02% of their portfolio LINCROFT, NJ 27,02627.0k $717.0k $717.0k 0.02% Added +1.4k +1,438
89 CAPSTONE CAPITAL LLC 0.51% of their portfolio HENDERSON, NV 26,25726.3k $696.6k $696.6k 0.51% Unchanged
90 Centric Wealth Management 0.15% of their portfolio CHICAGO, IL 23,22223.2k $618.6k $618.6k 0.15% Reduced -125 -125
91 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 22,54522.5k $598.1k $598.1k 0.00% New
92 United Asset Strategies, Inc. 0.05% of their portfolio GARDEN CITY, NY 22,33022.3k $592.4k $592.4k 0.05% Reduced -48.4k -48,445
93 ATLAS CAPITAL ADVISORS INC. 0.07% of their portfolio JACKSON, WY 21,17621.2k $561.8k $561.8k 0.07% Added +14.0k +14,032
94 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 19,97420.0k $529.9k $529.9k 0.01% Reduced -400 -400
95 PARK AVENUE SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 18,82918.8k $500.0k $500.0k 0.00% Reduced -84 -84
96 FAGAN ASSOCIATES, INC. 0.08% of their portfolio TROY, NY 18,82118.8k $499.3k $499.3k 0.08% Reduced -248 -248
97 MassMutual Private Wealth & Trust, FSB 0.01% of their portfolio Windsor, CT 17,75117.8k $470.9k $470.9k 0.01% Reduced -8.8k -8,791
98 ROTHSCHILD INVESTMENT LLC 0.03% of their portfolio CHICAGO, IL 17,62517.6k $467.6k $467.6k 0.03% Unchanged
99 Cullen/Frost Bankers, Inc. 0.01% of their portfolio San Antonio, TX 17,07117.1k $452.9k $452.9k 0.01% Added +1.3k +1,274
100 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 16,48516.5k $437.3k $437.3k 0.00% New