Vault-13

INVESCO EXCH TRD SLF IDX FD BSMS

BULSHS 2028 MUNI · ETP · CUSIP 46138J486

108 institutional holders +12 vs Q2 2025
6,690,2666.7m shares reported held*
$157.0mreported value*
15 new 52 added 19 reduced 5 sold out net bought ≈ $30.1m (+1.3m 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 ≈ $23.47.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 23Q4 22: 29Q1 23: 34Q2 23: 42Q3 23: 41Q4 23: 52Q1 24: 55Q2 24: 64Q3 24: 74Q4 24: 89Q1 25: 95Q2 25: 96Q3 25: 108108Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025108

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 29 bought or addedQ4 23: 16 cut or sold outQ1 24: 38 bought or addedQ1 24: 15 cut or sold outQ1 24Q2 24: 34 bought or addedQ2 24: 20 cut or sold outQ3 24: 52 bought or addedQ3 24: 11 cut or sold outQ3 24Q4 24: 54 bought or addedQ4 24: 15 cut or sold outQ1 25: 55 bought or addedQ1 25: 20 cut or sold outQ1 25Q2 25: 58 bought or addedQ2 25: 24 cut or sold outQ3 25: 67 bought or addedQ3 25: 24 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232916
Q1 20243815
Q2 20243420
Q3 20245211
Q4 20245415
Q1 20255520
Q2 20255824
Q3 20256724

Biggest buyers

TRUIST FINANCIAL CORP New +294,613+294.6k
Summit Financial, LLC New +216,358+216.4k
MORGAN STANLEY Added +155,496+155.5k
Hills Bank & Trust Co Added +121,858+121.9k
Sanctuary Advisors, LLC Added +99,832+99.8k
Elequin Capital, LP Added +99,680+99.7k
LPL Financial LLC Added +49,983+50.0k
SIGNATUREFD, LLC Added +39,898+39.9k
GOLDMAN SACHS GROUP INC New +35,143+35.1k
Invesco Ltd. Added +21,838+21.8k

Biggest sellers

JANE STREET GROUP, LLC Reduced -139,485-139.5k
CGN Advisors LLC Reduced -16,901-16.9k
ROYAL BANK OF CANADA Reduced -14,848-14.8k
Kathmere Capital Management, LLC Reduced -14,006-14.0k
Savant Capital, LLC Sold out -13,083-13.1k
Freedom Investment Management, Inc. Sold out -12,047-12.0k
HRT FINANCIAL LP Sold out -9,236-9.2k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -8,608-8.6k
Avior Wealth Management, LLC Reduced -5,416-5.4k
Bill Few Associates, Inc. Reduced -4,306-4.3k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 427,419427.4k $10.0m $10.0m 0.00% Added +50.0k +49,983
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 415,269415.3k $9.7m $9.7m 0.00% Added +155.5k +155,496
3 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 294,613294.6k $6.9m $6.9m 0.01% New
4 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 263,906263.9k $6.2m $6.2m 0.01% Added +15.5k +15,469
5 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 255,653255.7k $6.0m $6.0m 0.00% Reduced -314 -314
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 241,546241.5k $5.7m $5.7m 0.00% Added +1.7k +1,683
7 Kathmere Capital Management, LLC 0.40% of their portfolio WAYNE, PA 237,702237.7k $5.6m $5.6m 0.40% Reduced -14.0k -14,006
8 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 236,910236.9k $5.5m $5.5m 0.00% Added +21.8k +21,838
9 Summit Financial, LLC 0.08% of their portfolio PARSIPPANY, NJ 216,358216.4k $5.1m $5.1m 0.08% New
10 CENTRAL VALLEY ADVISORS, LLC 1.35% of their portfolio SACRAMENTO, CA 186,701186.7k $4.4m $4.4m 1.35% Added +1.4k +1,381
11 Hills Bank & Trust Co 0.25% of their portfolio North Liberty, IA 182,242182.2k $4.3m $4.3m 0.25% Added +121.9k +121,858
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 180,699180.7k $4.2m $4.2m 0.00% Added +17.8k +17,783
13 Key Financial Inc 0.77% of their portfolio WEST CHESTER, PA 179,024179.0k $4.2m $4.2m 0.77% Added +2.8k +2,810
14 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 167,836167.8k $3.9m $3.9m 0.02% Added +7.4k +7,424
15 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 166,354166.4k $3.9m $3.9m 0.00% Added +13.3k +13,331
16 PRECEDENT WEALTH PARTNERS, LLC 0.75% of their portfolio HOUSTON, TX 146,298146.3k $3.4m $3.4m 0.75% Added +17.6k +17,628
17 VestGen Advisors, LLC 0.11% of their portfolio CHICAGO, IL 139,507139.5k $3.3m $3.3m 0.11% Reduced -1.9k -1,898
18 MONECO ADVISORS, LLC 0.26% of their portfolio FAIRFIELD, CT 131,453131.5k $3.1m $3.1m 0.26% Added +6.3k +6,350
19 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ST. LOUIS, MO 126,710126.7k $3.0m $3.0m 0.04% Added +14.4k +14,412
20 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 122,709122.7k $2.9m $2.9m 0.01% Added +99.8k +99,832
21 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 118,135118.1k $2.8m $2.8m 0.02% Added +21.1k +21,139
22 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 115,062115.1k $2.7m $2.7m 0.00% Reduced -2.0k -2,013
23 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 100,548100.5k $2.4m $2.4m 0.00% Added +11.9k +11,883
24 Elequin Capital, LP 0.20% of their portfolio NEW YORK, NY 100,000100.0k $2.3m $2.3m 0.20% Added +99.7k +99,680
25 Asset Dedication, LLC 0.16% of their portfolio SAN FRANCISCO, CA 99,54199.5k $2.3m $2.3m 0.16% Reduced -805 -805
26 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 84,10384.1k $2.0m $2.0m 0.00% Added +210 +210
27 SIGNATUREFD, LLC 0.03% of their portfolio ATLANTA, GA 76,36076.4k $1.8m $1.8m 0.03% Added +39.9k +39,898
28 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 68,38868.4k $1.6m $1.6m 0.00% Reduced -2.1k -2,094
29 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 67,60767.6k $1.6m $1.6m 0.00% Reduced -139.5k -139,485
30 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 64,18164.2k $1.5m $1.5m 0.01% Unchanged
31 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 60,09360.1k $1.4m $1.4m 0.00% Added +4.1k +4,138
32 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 58,11758.1k $1.4m $1.4m 0.00% Added +5.1k +5,055
33 Clark Asset Management, LLC 0.15% of their portfolio STRATHAM, NH 55,60955.6k $1.3m $1.3m 0.15% Added +17.6k +17,620
34 Farmers National Bank 0.29% of their portfolio DANVILLE, KY 52,78352.8k $1.2m $1.2m 0.29% Added +1.9k +1,907
35 Modern Wealth Management, LLC 0.02% of their portfolio KANSAS CITY, MO 48,63848.6k $1.1m $1.1m 0.02% Unchanged
36 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 46,96447.0k $1.1m $1.1m 0.00% Unchanged
37 AlphaStar Capital Management, LLC 0.09% of their portfolio CORNELIUS, NC 44,96645.0k $1.1m $1.1m 0.09% Reduced -2.3k -2,304
38 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 44,48844.5k $1.0m $1.0m 0.00% Added +10.7k +10,737
39 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 41,06841.1k $961.6k $961.6k 0.00% Added +9.3k +9,329
40 Paulson Wealth Management Inc. 0.21% of their portfolio West Palm Beach, FL 38,44038.4k $900.1k $900.1k 0.21% Added +12.1k +12,136
41 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 38,01438.0k $890.5k $890.5k 0.00% Added +14.1k +14,115
42 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 35,14335.1k $822.9k $822.9k 0.00% New
43 Sterling Financial Group, Inc. 0.24% of their portfolio PASADENA, CA 32,34332.3k $757.3k $757.3k 0.24% Added +12.8k +12,794
44 Marietta Wealth Management, LLC 0.09% of their portfolio MARIETTA, GA 30,46930.5k $713.4k $713.4k 0.09% Added +8.9k +8,886
45 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 29,53029.5k $691.4k $691.4k 0.01% Unchanged
46 Koss-Olinger Consulting, LLC 0.05% of their portfolio GAINESVILLE, FL 27,98428.0k $650.0k $650.0k 0.05% Unchanged
47 SENTINEL PENSION ADVISORS, LLC 0.10% of their portfolio WAKEFIELD, MA 27,11727.1k $634.9k $634.9k 0.10% Added +18 +18
48 Addison Advisors LLC 0.14% of their portfolio MIDDLEBURY, VT 25,78525.8k $603.8k $603.8k 0.14% Added +1.9k +1,925
49 First Command Advisory Services, Inc. 0.00% of their portfolio FORT WORTH, TX 24,25524.3k $567.9k $567.9k 0.00% Added +1.7k +1,683
50 Meridian Wealth Management, LLC 0.02% of their portfolio LEXINGTON, KY 22,57622.6k $528.6k $528.6k 0.02% Unchanged
51 Hobbs Group Advisors, LLC 0.16% of their portfolio COLUMBIA, SC 22,21422.2k $520.1k $520.1k 0.16% Added +3.2k +3,228
52 DOVER ADVISORS, LLC 0.20% of their portfolio RICHMOND, VA 21,89021.9k $512.6k $512.6k 0.20% Unchanged
53 WESPAC Advisors, LLC 0.30% of their portfolio ORINDA, CA 21,65321.7k $507.0k $507.0k 0.30% Unchanged
54 Cambridge Financial Group, LLC 0.15% of their portfolio TUCSON, AZ 20,36520.4k $476.8k $476.8k 0.15% New
55 Horizons Wealth Management 0.32% of their portfolio ASHEVILLE, NC 20,05120.1k $469.5k $469.5k 0.32% Added +35 +35
56 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 19,21819.2k $450.0k $450.0k 0.00% Unchanged
57 River Street Advisors LLC 0.17% of their portfolio AURORA, IL 18,88518.9k $442.2k $442.2k 0.17% New
58 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 18,72718.7k $438.5k $438.5k 0.00% Added +2.7k +2,712
59 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 18,56818.6k $434.8k $434.8k 0.01% Added +133 +133
60 StoneX Group Inc. 0.02% of their portfolio NEW YORK, NY 18,44918.4k $432.0k $432.0k 0.02% Reduced -3.9k -3,875
61 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 18,14118.1k $424.8k $424.8k 0.00% Added +5.9k +5,944
62 Legacy Private Trust Co. 0.03% of their portfolio NEENAH, WI 17,96018.0k $420.5k $420.5k 0.03% Added +6.9k +6,890
63 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 17,43217.4k $408.0k $408.0k 0.00% Reduced -14.8k -14,848
64 MEMBERS WEALTH LLC 0.26% of their portfolio MEDIA, PA 17,35017.4k $406.3k $406.3k 0.26% First filing
65 FF Advisors,LLC 0.19% of their portfolio MANHATTAN BEACH, CA 16,78516.8k $393.0k $393.0k 0.19% Unchanged
66 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 16,14616.1k $378.1k $378.1k 0.00% Reduced -3.8k -3,847
67 HOWARD WEALTH MANAGEMENT, LLC 0.17% of their portfolio Madison, CT 15,54115.5k $363.9k $363.9k 0.17% Added +755 +755
68 KICKSTAND VENTURES, LLC. 0.08% of their portfolio PITTSFORD, NY 15,37615.4k $360.0k $360.0k 0.08% Unchanged
69 Wingate Wealth Advisors, Inc. 0.25% of their portfolio LEXINGTON, MA 15,29915.3k $358.2k $358.2k 0.25% Added +109 +109
70 Avior Wealth Management, LLC 0.01% of their portfolio OMAHA, NE 15,12415.1k $354.1k $354.1k 0.01% Reduced -5.4k -5,416
71 Cooksen Wealth, LLC 0.26% of their portfolio THE WOODLANDS, TX 15,04815.0k $352.3k $352.3k 0.26% Unchanged
72 Jacobi Capital Management LLC 0.02% of their portfolio PITTSTON, PA 14,98215.0k $350.8k $350.8k 0.02% Added +2.6k +2,650
73 YANKCOM Partnership 0.15% of their portfolio Yankton, SD 14,45514.5k $338.5k $338.5k 0.15% Reduced -575 -575
74 AA Financial Advisors, LLC 0.07% of their portfolio Columbus, OH 14,26814.3k $334.1k $334.1k 0.07% Added +12 +12
75 LANDAAS & CO /WI /ADV 0.07% of their portfolio MILWAUKEE, WI 13,95714.0k $327.0k $327.0k 0.07% Added +5.3k +5,314
76 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 13,91413.9k $326.0k $326.0k 0.00% Unchanged
77 CGN Advisors LLC 0.03% of their portfolio MANHATTAN, KS 13,84113.8k $324.1k $324.1k 0.03% Reduced -16.9k -16,901
78 Heritage Trust Co 0.03% of their portfolio OKLAHOMA CITY, OK 13,74513.7k $321.8k $321.8k 0.03% Added +2.6k +2,607
79 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 13,31113.3k $311.7k $311.7k 0.00% Added +8.1k +8,128
80 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 13,04013.0k $305.3k $305.3k 0.00% New
81 Bill Few Associates, Inc. 0.08% of their portfolio SEWICKLEY, PA 12,83612.8k $300.6k $300.6k 0.08% Reduced -4.3k -4,306
82 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 12,75712.8k $298.7k $298.7k 0.00% New
83 Cornerstone Wealth Management, LLC 0.02% of their portfolio ST. PETERS, MO 12,01212.0k $281.3k $281.3k 0.02% Reduced -3.1k -3,113
84 SILVERLAKE WEALTH MANAGEMENT LLC 0.07% of their portfolio WILLISTON, VT 11,84711.8k $277.4k $277.4k 0.07% Unchanged
85 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 11,20511.2k $262.9k $262.9k 0.00% Reduced -8.6k -8,608
86 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 11,06711.1k $259.1k $259.1k 0.00% Added +150 +150
87 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 9,7459.7k $228.2k $228.2k 0.00% Added +70 +70
88 Accurate Wealth Management, LLC 0.03% of their portfolio WESLEY CHAPEL, FL 9,7419.7k $228.7k $228.7k 0.03% New
89 Coastal Bridge Advisors, LLC 0.02% of their portfolio WESTPORT, CT 8,9138.9k $208.7k $208.7k 0.02% New
90 Community Bank & Trust, Waco, Texas 0.04% of their portfolio WACO, TX 8,8888.9k $208.0k $208.0k 0.04% New
91 Astoria Portfolio Advisors LLC. 0.05% of their portfolio NEW YORK, NY 8,8758.9k $208.1k $208.1k 0.05% New
92 Opulen Financial Group LLC 0.16% of their portfolio ARLINGTON, VA 8,8448.8k $207.1k $207.1k 0.16% Added +54 +54
93 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 8,7238.7k $204.2k $204.2k 0.00% New
94 HUB Investment Partners, LLC 0.01% of their portfolio AUSTIN, TX 8,6018.6k $201.4k $201.4k 0.01% New
95 Crews Bank & Trust 0.03% of their portfolio PORT CHARLOTTE, FL 8,5358.5k $199.8k $199.8k 0.03% Unchanged
96 Anchor Investment Management, LLC 0.01% of their portfolio COLUMBIA, SC 7,5007.5k $175.6k $175.6k 0.01% Added +2.5k +2,500
97 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 7,4987.5k $175.6k $175.6k 0.00% Added +6.1k +6,051
98 Knights of Columbus Asset Advisors LLC 0.01% of their portfolio NEW HAVEN, CT 7,1107.1k $166.5k $166.5k 0.01% Unchanged
99 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 6,8566.9k $160.5k $160.5k 0.00% New
100 ORG Partners LLC 0.03% of their portfolio ROANOKE, IN 6,8506.8k $160.4k $160.4k 0.03% Added +6.0k +6,000