Vault-13

INVESCO EXCH TRD SLF IDX FD BSMV

BULLETSHS 31 MUN · ETP · CUSIP 46138J411

79 institutional holders +2 vs Q4 2025
5,803,0855.8m shares reported held*
$122.2mreported value*
9 new 44 added 14 reduced 7 sold out net bought ≈ $11.2m (+520.0k 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 ($237.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $21.06.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 16Q4 22: 22Q1 23: 22Q2 23: 26Q3 23: 26Q4 23: 38Q1 24: 41Q2 24: 46Q3 24: 52Q4 24: 60Q1 25: 61Q2 25: 60Q3 25: 72Q4 25: 77Q1 26: 7979Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202216
Q4 202222
Q1 202322
Q2 202326
Q3 202326
Q4 202338
Q1 202441
Q2 202446
Q3 202452
Q4 202460
Q1 202561
Q2 202560
Q3 202572
Q4 202577
Q1 202679

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 28 bought or addedQ2 24: 16 cut or sold outQ3 24: 36 bought or addedQ3 24: 8 cut or sold outQ3 24Q4 24: 37 bought or addedQ4 24: 14 cut or sold outQ1 25: 41 bought or addedQ1 25: 20 cut or sold outQ1 25Q2 25: 36 bought or addedQ2 25: 20 cut or sold outQ3 25: 49 bought or addedQ3 25: 15 cut or sold outQ3 25Q4 25: 53 bought or addedQ4 25: 15 cut or sold outQ1 26: 53 bought or addedQ1 26: 21 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242816
Q3 2024368
Q4 20243714
Q1 20254120
Q2 20253620
Q3 20254915
Q4 20255315
Q1 20265321

Biggest buyers

CONFLUENCE INVESTMENT MANAGEMENT LLC Added +156,943+156.9k
HighTower Advisors, LLC Added +82,178+82.2k
ENVESTNET ASSET MANAGEMENT INC Added +63,379+63.4k
Legacy Private Trust Co. New +60,463+60.5k
Coastline Complete Wealth LLC Added +59,695+59.7k
BANK OF AMERICA CORP /DE/ Added +50,753+50.8k
UBS Group AG Added +49,730+49.7k
Avior Wealth Management, LLC Added +48,925+48.9k
Hills Bank & Trust Co Added +38,063+38.1k
CARY STREET PARTNERS FINANCIAL LLC Added +33,510+33.5k

Biggest sellers

LPL Financial LLC Reduced -135,131-135.1k
Elequin Capital, LP Sold out -72,685-72.7k
Koss-Olinger Consulting, LLC Sold out -26,048-26.0k
FLOW TRADERS U.S. LLC Reduced -25,717-25.7k
Cerity Partners LLC Sold out -24,330-24.3k
IFG Advisory, LLC Sold out -21,504-21.5k
Asset Dedication, LLC Reduced -21,310-21.3k
Key Financial Inc Reduced -18,575-18.6k
StoneX Group Inc. Sold out -17,963-18.0k
Summit Trail Advisors, LLC Reduced -9,662-9.7k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Hills Bank & Trust Co 0.48% of their portfolio North Liberty, IA 479,643479.6k $10.0m $10.0m 0.48% Added +38.1k +38,063
2 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.10% of their portfolio ST. LOUIS, MO 311,374311.4k $6.5m $6.5m 0.10% Added +156.9k +156,943
3 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 302,689302.7k $6.3m $6.3m 0.01% Added +82.2k +82,178
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 257,116257.1k $5.4m $5.4m 0.00% Added +10.4k +10,367
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 255,403255.4k $5.3m $5.3m 0.00% Reduced -135.1k -135,131
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 234,071234.1k $4.9m $4.9m 0.00% Added +49.7k +49,730
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 233,434233.4k $4.9m $4.9m 0.00% Added +50.8k +50,753
8 Avior Wealth Management, LLC 0.13% of their portfolio OMAHA, NE 223,134223.1k $4.7m $4.7m 0.13% Added +48.9k +48,925
9 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 204,774204.8k $4.3m $4.3m 0.00% Reduced -6.0k -5,999
10 PRECEDENT WEALTH PARTNERS, LLC 0.84% of their portfolio HOUSTON, TX 201,991202.0k $4.2m $4.2m 0.84% Added +12.1k +12,074
11 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 195,700195.7k $4.1m $4.1m 0.02% Unchanged
12 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 192,663192.7k $4.0m $4.0m 0.00% Added +3.4k +3,422
13 CENTRAL VALLEY ADVISORS, LLC 1.07% of their portfolio SACRAMENTO, CA 188,576188.6k $3.9m $3.9m 1.07% Reduced -2.6k -2,643
14 Atlantic Union Bankshares Corp 0.08% of their portfolio GLEN ALLEN, VA 188,397188.4k $3.9m $3.9m 0.08% Added +18.1k +18,138
15 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 141,636141.6k $3.0m $3.0m 0.00% Added +63.4k +63,379
16 MONECO ADVISORS, LLC 0.22% of their portfolio FAIRFIELD, CT 134,630134.6k $2.8m $2.8m 0.22% Added +23.8k +23,806
17 Envision Financial Planning, LLC 0.83% of their portfolio MEMPHIS, TN 110,258110.3k $2.3m $2.3m 0.83% Added +3.8k +3,840
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 108,515108.5k $2.3m $2.3m 0.00% Added +2.4k +2,378
19 Key Financial Inc 0.39% of their portfolio WEST CHESTER, PA 105,714105.7k $2.2m $2.2m 0.39% Reduced -18.6k -18,575
20 Parkway Wealth Management Group, LLC 0.27% of their portfolio Plano, TX 101,986102.0k $2.1m $2.1m 0.27% Added +8.7k +8,710
21 Clark Asset Management, LLC 0.18% of their portfolio STRATHAM, NH 93,08993.1k $1.9m $1.9m 0.18% Added +25.5k +25,502
22 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 91,24091.2k $1.9m $1.9m 0.01% Added +856 +856
23 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 85,10885.1k $1.8m $1.8m 0.00% Added +17.2k +17,238
24 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 81,54481.5k $1.7m $1.7m 0.00% Added +21.5k +21,509
25 CARY STREET PARTNERS FINANCIAL LLC 0.04% of their portfolio RICHMOND, VA 75,11575.1k $1.6m $1.6m 0.04% Added +33.5k +33,510
26 Coastline Complete Wealth LLC 0.93% of their portfolio BLUFFTON, SC 71,82371.8k $1.5m $1.5m 0.93% Added +59.7k +59,695
27 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 66,04066.0k $1.4m $1.4m 0.00% Added +6.7k +6,707
28 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 64,63764.6k $1.3m $1.3m 0.00% Added +3.0k +2,961
29 Legacy Private Trust Co. 0.08% of their portfolio NEENAH, WI 60,46360.5k $1.3m $1.3m 0.08% New
30 Farmers National Bank 0.26% of their portfolio DANVILLE, KY 56,39056.4k $1.2m $1.2m 0.26% Added +703 +703
31 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 56,22356.2k $1.2m $1.2m 0.00% Added +8.4k +8,404
32 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.01% of their portfolio IRVING, TX 56,08356.1k $1.2m $1.2m 0.01% Added +16.1k +16,083
33 FLOW TRADERS U.S. LLC 0.03% of their portfolio NEW YORK, NY 51,45151.5k $1.1m $1.1m 0.03% Reduced -25.7k -25,717
34 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 49,94049.9k $1.0m $1.0m 0.00% Reduced -8.2k -8,222
35 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 49,04549.0k $1.0m $1.0m 0.01% Added +3.3k +3,325
36 HUNTINGTON NATIONAL BANK 0.01% of their portfolio COLUMBUS, OH 47,94647.9k $1.0m $1.0m 0.01% Added +16.6k +16,583
37 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 44,14644.1k $921.8k $921.8k 0.01% Added +9.6k +9,628
38 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 41,81141.8k $873.0k $873.0k 0.00% Added +6.3k +6,282
39 VestGen Advisors, LLC 0.02% of their portfolio CHICAGO, IL 40,90240.9k $859.2k $859.2k 0.02% Added +1.3k +1,320
40 Marietta Wealth Management, LLC 0.08% of their portfolio MARIETTA, GA 34,01234.0k $710.2k $710.2k 0.08% Unchanged
41 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 31,75031.8k $662.9k $662.9k 0.00% Added +745 +745
42 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 28,97529.0k $605.0k $605.0k 0.00% Reduced -7.3k -7,295
43 Asset Dedication, LLC 0.04% of their portfolio SAN FRANCISCO, CA 27,78327.8k $580.1k $580.1k 0.04% Reduced -21.3k -21,310
44 BENJAMIN EDWARDS INC 0.01% of their portfolio Clayton, MO 26,84026.8k $560.4k $560.4k 0.01% Added +466 +466
45 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 24,91324.9k $517.9k $517.9k 0.00% Added +7.9k +7,868
46 Addison Advisors LLC 0.11% of their portfolio MIDDLEBURY, VT 23,70423.7k $494.9k $494.9k 0.11% Added +1.4k +1,384
47 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 20,78520.8k $434.0k $434.0k 0.00% Added +2.1k +2,109
48 Jacobi Capital Management LLC 0.02% of their portfolio PITTSTON, PA 20,23020.2k $422.4k $422.4k 0.02% Added +125 +125
49 Gradient Capital Advisors, LLC 0.11% of their portfolio SAN DIEGO, CA 19,70419.7k $411.4k $411.4k 0.11% Unchanged
50 Venture Visionary Partners LLC 0.01% of their portfolio Sylvania, OH 18,18418.2k $379.7k $379.7k 0.01% Reduced -4.6k -4,579
51 Cambridge Financial Group, LLC 0.11% of their portfolio TUCSON, AZ 15,39815.4k $321.5k $321.5k 0.11% Unchanged
52 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 14,34514.3k $300.0k $300.0k 0.00% Added +53 +53
53 Summit Trail Advisors, LLC 0.00% of their portfolio NEW YORK, NY 13,47913.5k $281.4k $281.4k 0.00% Reduced -9.7k -9,662
54 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 12,85012.8k $268.3k $268.3k 0.00% Added +10.2k +10,250
55 Intentional Wealth Strategies, LLC 0.25% of their portfolio COLORADO SPRINGS, CO 12,63512.6k $263.8k $263.8k 0.25% First filing
56 Horizons Wealth Management 0.18% of their portfolio ASHEVILLE, NC 12,60512.6k $263.2k $263.2k 0.18% Unchanged
57 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 12,25612.3k $255.9k $255.9k 0.00% Reduced -126 -126
58 Global Financial Private Client, LLC 0.08% of their portfolio Sarasota, FL 12,20812.2k $254.9k $254.9k 0.08% New
59 Heritage Trust Co 0.03% of their portfolio OKLAHOMA CITY, OK 12,01912.0k $251.0k $251.0k 0.03% New
60 OneAscent Financial Services LLC 0.01% of their portfolio BIRMINGHAM, AL 11,65011.7k $243.3k $243.3k 0.01% New
61 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 11,39011.4k $237.8k $237.8k 0.00% New
62 Vestmark Advisory Solutions, Inc. 0.00% of their portfolio Wakefield, MA 11,39011.4k $237.8k $237.8k 0.00% New
63 CGN Advisors LLC 0.02% of their portfolio MANHATTAN, KS 10,05010.1k $209.8k $209.8k 0.02% Reduced -640 -640
64 COOKSON PEIRCE & CO INC 0.01% of their portfolio PITTSBURGH, PA 9,6129.6k $200.7k $200.7k 0.01% Reduced -381 -381
65 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 9,5179.5k $198.7k $198.7k 0.00% Unchanged
66 Crews Bank & Trust 0.03% of their portfolio PORT CHARLOTTE, FL 9,4609.5k $197.5k $197.5k 0.03% Unchanged
67 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 8,8888.9k $186.0k $186.0k 0.00% Added +4 +4
68 First Command Advisory Services, Inc. 0.00% of their portfolio FORT WORTH, TX 6,7356.7k $140.6k $140.6k 0.00% Unchanged
69 Ascentis Independent Advisors 0.01% of their portfolio DALLAS, TX 6,7006.7k $139.9k $139.9k 0.01% New
70 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 6,0556.1k $126.4k $126.4k 0.00% Unchanged
71 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 6,0096.0k $125.5k $125.5k 0.00% Added +42 +42
72 NorthAvenue LLC 0.04% of their portfolio COLUMBUS, OH 2,4522.5k $51.2k $51.2k 0.04% Added +1.0k +1,028
73 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 958958 $20.0k $20.0k 0.00% Added +7 +7
74 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 901901 $18.9k $18.9k 0.00% Reduced -5.5k -5,528
75 Trust Co 0.00% of their portfolio MANHATTAN, KS 443443 $9.2k $9.2k 0.00% Added +1 +1
76 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 272272 $5.7k $5.7k 0.00% New
77 FMR LLC 0.00% of their portfolio BOSTON, MA 212212 $4.4k $4.4k 0.00% Unchanged
78 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 193193 $4.0k $4.0k 0.00% Unchanged
79 Root Financial Partners, LLC 0.00% of their portfolio ENCINITAS, CA 159159 $3.3k $3.3k 0.00% New