Vault-13

INVESCO EXCH TRD SLF IDX FD BSMS

BULSHS 2028 MUNI · ETP · CUSIP 46138J486

96 institutional holders +1 vs Q1 2025
5,384,1175.4m shares reported held*
$125.5mreported value*
13 new 45 added 15 reduced 9 sold out net bought ≈ $14.4m (+617.0k 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. Holder counts are more reliable. Implied quarter-end price ≈ $23.32.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 23Q4 22: 29Q1 23: 34Q2 23: 42Q3 23: 41Q4 23: 52Q1 24: 55Q2 24: 64Q3 24: 74Q4 24: 89Q1 25: 95Q2 25: 9696Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202223
Q4 202229
Q1 202334
Q2 202342
Q3 202341
Q4 202352
Q1 202455
Q2 202464
Q3 202474
Q4 202489
Q1 202595
Q2 202596

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 27 bought or addedQ3 23: 11 cut or sold outQ4 23: 29 bought or addedQ4 23: 16 cut or sold outQ4 23Q1 24: 38 bought or addedQ1 24: 15 cut or sold outQ2 24: 34 bought or addedQ2 24: 20 cut or sold outQ2 24Q3 24: 52 bought or addedQ3 24: 11 cut or sold outQ4 24: 54 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 55 bought or addedQ1 25: 20 cut or sold outQ2 25: 58 bought or addedQ2 25: 24 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232711
Q4 20232916
Q1 20243815
Q2 20243420
Q3 20245211
Q4 20245415
Q1 20255520
Q2 20255824

Biggest buyers

Kathmere Capital Management, LLC New +251,708+251.7k
COMMONWEALTH EQUITY SERVICES, LLC Added +49,955+50.0k
Modern Wealth Management, LLC New +48,638+48.6k
MORGAN STANLEY Added +44,924+44.9k
JANE STREET GROUP, LLC Added +41,469+41.5k
LPL Financial LLC Added +35,188+35.2k
MONECO ADVISORS, LLC Added +32,522+32.5k
Koss-Olinger Consulting, LLC New +27,984+28.0k
BANK OF AMERICA CORP /DE/ Added +24,805+24.8k
Integrated Wealth Concepts LLC Added +23,173+23.2k

Biggest sellers

TORONTO DOMINION BANK Sold out -72,954-73.0k
GOLDMAN SACHS GROUP INC Sold out -30,594-30.6k
ENVESTNET ASSET MANAGEMENT INC Reduced -26,556-26.6k
CGN Advisors LLC Reduced -24,711-24.7k
Hobbs Group Advisors, LLC Reduced -16,161-16.2k
PAX Financial Group, LLC Sold out -13,883-13.9k
OSAIC HOLDINGS, INC. Reduced -13,082-13.1k
MIDLAND WEALTH ADVISORS, LLC Sold out -12,508-12.5k
Carnegie Investment Counsel Sold out -11,410-11.4k
Venture Visionary Partners LLC Sold out -9,350-9.3k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 377,436377.4k $8.8m $8.8m 0.00% Added +35.2k +35,188
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 259,773259.8k $6.0m $6.0m 0.00% Added +44.9k +44,924
3 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 255,967256.0k $5.9m $5.9m 0.00% Added +15.5k +15,513
4 Kathmere Capital Management, LLC 0.45% of their portfolio WAYNE, PA 251,708251.7k $5.8m $5.8m 0.45% New
5 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 248,437248.4k $5.8m $5.8m 0.01% Added +50.0k +49,955
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 239,863239.9k $5.6m $5.6m 0.00% Added +24.8k +24,805
7 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 215,072215.1k $5.0m $5.0m 0.00% Added +6.6k +6,644
8 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 207,092207.1k $4.8m $4.8m 0.01% Added +41.5k +41,469
9 CENTRAL VALLEY ADVISORS, LLC 1.47% of their portfolio SACRAMENTO, CA 185,320185.3k $4.3m $4.3m 1.47% Reduced -2.5k -2,489
10 Key Financial Inc 0.82% of their portfolio WEST CHESTER, PA 176,214176.2k $4.1m $4.1m 0.82% Unchanged
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 162,916162.9k $3.8m $3.8m 0.00% Added +8.6k +8,603
12 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 160,412160.4k $3.7m $3.7m 0.02% Added +10.2k +10,219
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 153,023153.0k $3.6m $3.6m 0.00% Added +15.8k +15,791
14 VestGen Advisors, LLC 0.13% of their portfolio CHICAGO, IL 141,405141.4k $3.3m $3.3m 0.13% Added +3.9k +3,893
15 PRECEDENT WEALTH PARTNERS, LLC 0.73% of their portfolio HOUSTON, TX 128,670128.7k $3.0m $3.0m 0.73% Added +10.0k +10,005
16 MONECO ADVISORS, LLC 0.27% of their portfolio FAIRFIELD, CT 125,103125.1k $2.9m $2.9m 0.27% Added +32.5k +32,522
17 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 117,075117.1k $2.7m $2.7m 0.00% Reduced -26.6k -26,556
18 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ST. LOUIS, MO 112,298112.3k $2.6m $2.6m 0.04% Reduced -3.7k -3,654
19 Asset Dedication, LLC 0.17% of their portfolio SAN FRANCISCO, CA 100,346100.3k $2.3m $2.3m 0.17% Added +12.5k +12,510
20 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 96,99697.0k $2.3m $2.3m 0.02% Added +23.2k +23,173
21 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 88,66588.7k $2.1m $2.1m 0.00% Added +8.3k +8,258
22 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 83,89383.9k $1.9m $1.9m 0.00% Reduced -13.1k -13,082
23 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 70,48270.5k $1.6m $1.6m 0.00% Reduced -3.9k -3,886
24 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 64,18164.2k $1.5m $1.5m 0.01% Unchanged
25 Hills Bank & Trust Co 0.09% of their portfolio North Liberty, IA 60,38460.4k $1.4m $1.4m 0.09% Added +18.0k +18,037
26 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 55,95556.0k $1.3m $1.3m 0.00% Added +7.7k +7,732
27 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 53,06253.1k $1.2m $1.2m 0.00% Added +4.2k +4,246
28 Farmers National Bank 0.31% of their portfolio DANVILLE, KY 50,87650.9k $1.2m $1.2m 0.31% Added +1.8k +1,766
29 Modern Wealth Management, LLC 0.03% of their portfolio KANSAS CITY, MO 48,63848.6k $1.1m $1.1m 0.03% New
30 AlphaStar Capital Management, LLC 0.08% of their portfolio CORNELIUS, NC 47,27047.3k $1.1m $1.1m 0.08% Added +6.0k +6,007
31 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 46,96447.0k $1.1m $1.1m 0.00% Unchanged
32 Clark Asset Management, LLC 0.12% of their portfolio STRATHAM, NH 37,98938.0k $882.5k $882.5k 0.12% Added +5.7k +5,713
33 SIGNATUREFD, LLC 0.01% of their portfolio ATLANTA, GA 36,46236.5k $847.0k $847.0k 0.01% Unchanged
34 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 33,75133.8k $784.0k $784.0k 0.00% Reduced -4.9k -4,889
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 32,28032.3k $750.0k $750.0k 0.00% Added +21.6k +21,635
36 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 31,73931.7k $737.3k $737.3k 0.00% Added +16.7k +16,749
37 CGN Advisors LLC 0.06% of their portfolio MANHATTAN, KS 30,74230.7k $714.1k $714.1k 0.06% Reduced -24.7k -24,711
38 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 29,53029.5k $686.0k $686.0k 0.02% Added +1.1k +1,090
39 Koss-Olinger Consulting, LLC 0.05% of their portfolio GAINESVILLE, FL 27,98428.0k $650.1k $650.1k 0.05% New
40 SENTINEL PENSION ADVISORS, LLC 0.11% of their portfolio WAKEFIELD, MA 27,09927.1k $629.5k $629.5k 0.11% Reduced -844 -844
41 Paulson Wealth Management Inc. 0.16% of their portfolio West Palm Beach, FL 26,30426.3k $611.0k $611.0k 0.16% Reduced -2.9k -2,904
42 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 23,89923.9k $554.3k $554.3k 0.00% Added +8.8k +8,778
43 Addison Advisors LLC 0.14% of their portfolio MIDDLEBURY, VT 23,86023.9k $554.3k $554.3k 0.14% Added +170 +170
44 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 22,87722.9k $531.4k $531.4k 0.00% Added +6.1k +6,093
45 Meridian Wealth Management, LLC 0.02% of their portfolio LEXINGTON, KY 22,57622.6k $524.4k $524.4k 0.02% Unchanged
46 First Command Advisory Services, Inc. 0.00% of their portfolio FORT WORTH, TX 22,57222.6k $524.3k $524.3k 0.00% Added +1.0k +1,021
47 StoneX Group Inc. 0.03% of their portfolio NEW YORK, NY 22,32422.3k $518.6k $518.6k 0.03% Reduced -5.8k -5,790
48 DOVER ADVISORS, LLC 0.22% of their portfolio RICHMOND, VA 21,89021.9k $508.5k $508.5k 0.22% Unchanged
49 WESPAC Advisors, LLC 0.35% of their portfolio ORINDA, CA 21,65321.7k $503.0k $503.0k 0.35% Added +8.7k +8,695
50 Marietta Wealth Management, LLC 0.07% of their portfolio MARIETTA, GA 21,58321.6k $501.4k $501.4k 0.07% New
51 Avior Wealth Management, LLC 0.02% of their portfolio OMAHA, NE 20,54020.5k $477.1k $477.1k 0.02% Added +2.0k +2,000
52 Horizons Wealth Management 0.34% of their portfolio ASHEVILLE, NC 20,01620.0k $465.0k $465.0k 0.34% Added +579 +579
53 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 19,99320.0k $464.4k $464.4k 0.00% Added +2.2k +2,170
54 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 19,81319.8k $459.8k $459.8k 0.00% Added +51 +51
55 Sterling Financial Group, Inc. 0.15% of their portfolio PASADENA, CA 19,54919.5k $454.1k $454.1k 0.15% Reduced -555 -555
56 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 19,21819.2k $446.4k $446.4k 0.00% Unchanged
57 Hobbs Group Advisors, LLC 0.15% of their portfolio COLUMBIA, SC 18,98619.0k $441.0k $441.0k 0.15% Reduced -16.2k -16,161
58 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 18,43518.4k $428.2k $428.2k 0.01% Added +388 +388
59 Bill Few Associates, Inc. 0.11% of their portfolio SEWICKLEY, PA 17,14217.1k $398.2k $398.2k 0.11% Unchanged
60 FF Advisors,LLC 0.20% of their portfolio MANHATTAN BEACH, CA 16,78516.8k $389.9k $389.9k 0.20% Unchanged
61 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 16,01516.0k $372.0k $372.0k 0.00% Added +1.9k +1,919
62 KICKSTAND VENTURES, LLC. 0.08% of their portfolio PITTSFORD, NY 15,37615.4k $357.2k $357.2k 0.08% Unchanged
63 Wingate Wealth Advisors, Inc. 0.31% of their portfolio LEXINGTON, MA 15,19015.2k $352.9k $352.9k 0.31% Added +110 +110
64 Cornerstone Wealth Management, LLC 0.02% of their portfolio ST. PETERS, MO 15,12515.1k $351.4k $351.4k 0.02% New
65 Cooksen Wealth, LLC 0.28% of their portfolio THE WOODLANDS, TX 15,04815.0k $349.6k $349.6k 0.28% Unchanged
66 YANKCOM Partnership 0.17% of their portfolio Yankton, SD 15,03015.0k $349.1k $349.1k 0.17% Added +7.3k +7,300
67 HOWARD WEALTH MANAGEMENT, LLC 0.17% of their portfolio Madison, CT 14,78614.8k $343.5k $343.5k 0.17% Added +2.1k +2,076
68 AA Financial Advisors, LLC 0.07% of their portfolio Columbus, OH 14,25614.3k $331.2k $331.2k 0.07% Added +2.7k +2,651
69 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 13,91413.9k $323.0k $323.0k 0.00% Unchanged
70 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 13,08313.1k $303.9k $303.9k 0.00% Unchanged
71 Jacobi Capital Management LLC 0.02% of their portfolio PITTSTON, PA 12,33212.3k $286.5k $286.5k 0.02% Added +2.5k +2,500
72 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 12,19712.2k $283.3k $283.3k 0.00% Added +433 +433
73 Freedom Investment Management, Inc. 0.02% of their portfolio SOUTH WINDSOR, CT 12,04712.0k $279.8k $279.8k 0.02% Reduced -568 -568
74 SILVERLAKE WEALTH MANAGEMENT LLC 0.08% of their portfolio WILLISTON, VT 11,84711.8k $275.2k $275.2k 0.08% Unchanged
75 Heritage Trust Co 0.03% of their portfolio OKLAHOMA CITY, OK 11,13811.1k $258.7k $258.7k 0.03% Added +835 +835
76 Legacy Private Trust Co. 0.02% of their portfolio NEENAH, WI 11,07011.1k $257.2k $257.2k 0.02% New
77 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 10,91710.9k $253.6k $253.6k 0.00% Unchanged
78 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 9,6759.7k $224.8k $224.8k 0.00% Added +70 +70
79 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 9,2369.2k $214.0k $214.0k 0.00% New
80 Opulen Financial Group LLC 0.17% of their portfolio ARLINGTON, VA 8,7908.8k $204.2k $204.2k 0.17% Added +54 +54
81 LANDAAS & CO /WI /ADV 0.05% of their portfolio MILWAUKEE, WI 8,6438.6k $201.0k $201.0k 0.05% New
82 Crews Bank & Trust 0.03% of their portfolio PORT CHARLOTTE, FL 8,5358.5k $198.3k $198.3k 0.03% Unchanged
83 Knights of Columbus Asset Advisors LLC 0.01% of their portfolio NEW HAVEN, CT 7,1107.1k $165.2k $165.2k 0.01% Unchanged
84 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 5,4195.4k $125.9k $125.9k 0.01% Unchanged
85 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,1835.2k $120.4k $120.4k 0.00% New
86 Anchor Investment Management, LLC 0.01% of their portfolio COLUMBIA, SC 5,0005.0k $116.2k $116.2k 0.01% New
87 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 4,2414.2k $98.5k $98.5k 0.00% New
88 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 2,9923.0k $69.5k $69.5k 0.00% Reduced -1.0k -1,047
89 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 2,2002.2k $51.1k $51.1k 0.00% Reduced -4.3k -4,275
90 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,4471.4k $33.6k $33.6k 0.00% New
91 CWM, LLC 0.00% of their portfolio OMAHA, NE 856856 $20.0k $20.0k 0.00% Unchanged
92 ORG Partners LLC 0.00% of their portfolio ROANOKE, IN 850850 $19.7k $19.7k 0.00% Unchanged
93 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 800800 $18.6k $18.6k 0.00% Unchanged
94 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 355355 $8.2k $8.2k 0.00% Unchanged
95 Elequin Capital, LP 0.00% of their portfolio NEW YORK, NY 320320 $7.4k $7.4k 0.00% New
96 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged