Vault-13

INVESCO EXCH TRD SLF IDX FD BSMS

BULSHS 2028 MUNI · ETP · CUSIP 46138J486

130 institutional holders +9 vs Q4 2025
8,415,6038.4m shares reported held*
$197.6mreported value*
15 new 64 added 22 reduced 8 sold out net bought ≈ $20.6m (+870.8k 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 ≈ $23.48.

Trends to Q1 2026

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: 108Q4 25: 121Q1 26: 130130Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025121
Q1 2026130

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 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 25Q4 25: 77 bought or addedQ4 25: 22 cut or sold outQ1 26: 79 bought or addedQ1 26: 30 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20243420
Q3 20245211
Q4 20245415
Q1 20255520
Q2 20255824
Q3 20256724
Q4 20257722
Q1 20267930

Biggest buyers

RAYMOND JAMES FINANCIAL INC Added +134,582+134.6k
Coastline Complete Wealth LLC Added +95,112+95.1k
Thrivent Financial for Lutherans Added +88,589+88.6k
JANE STREET GROUP, LLC New +74,207+74.2k
Willis Johnson & Associates, Inc. New +42,383+42.4k
UBS Group AG Added +37,609+37.6k
BANK OF AMERICA CORP /DE/ Added +35,458+35.5k
MORGAN STANLEY Added +32,768+32.8k
LPL Financial LLC Added +32,616+32.6k
Hills Bank & Trust Co Added +28,842+28.8k

Biggest sellers

Key Financial Inc Reduced -61,155-61.2k
Koss-Olinger Consulting, LLC Sold out -27,984-28.0k
Sanctuary Advisors, LLC Reduced -25,854-25.9k
Kathmere Capital Management, LLC Reduced -20,311-20.3k
MML INVESTORS SERVICES, LLC Reduced -19,496-19.5k
StoneX Group Inc. Sold out -14,462-14.5k
CENTRAL VALLEY ADVISORS, LLC Reduced -13,447-13.4k
Asset Dedication, LLC Reduced -13,361-13.4k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Sold out -11,214-11.2k
Avior Wealth Management, LLC Sold out -8,725-8.7k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 511,146511.1k $12.0m $12.0m 0.00% Added +32.6k +32,616
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 401,500401.5k $9.4m $9.4m 0.00% Added +32.8k +32,768
3 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 397,944397.9k $9.3m $9.3m 0.00% Added +18.9k +18,876
4 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 348,362348.4k $8.1m $8.1m 0.00% Added +134.6k +134,582
5 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 301,233301.2k $7.0m $7.0m 0.01% Added +2.4k +2,389
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 292,733292.7k $6.8m $6.8m 0.00% Added +35.5k +35,458
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 264,396264.4k $6.2m $6.2m 0.00% Added +37.6k +37,609
8 Hills Bank & Trust Co 0.28% of their portfolio North Liberty, IA 246,890246.9k $5.8m $5.8m 0.28% Added +28.8k +28,842
9 Summit Financial, LLC 0.06% of their portfolio PARSIPPANY, NJ 217,799217.8k $5.1m $5.1m 0.06% Added +1.4k +1,356
10 Kathmere Capital Management, LLC 0.31% of their portfolio WAYNE, PA 210,878210.9k $4.9m $4.9m 0.31% Reduced -20.3k -20,311
11 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 207,553207.6k $4.9m $4.9m 0.02% Added +25.2k +25,220
12 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 197,532197.5k $4.6m $4.6m 0.01% Reduced -92 -92
13 CENTRAL VALLEY ADVISORS, LLC 1.11% of their portfolio SACRAMENTO, CA 173,875173.9k $4.1m $4.1m 1.11% Reduced -13.4k -13,447
14 PRECEDENT WEALTH PARTNERS, LLC 0.79% of their portfolio HOUSTON, TX 168,022168.0k $3.9m $3.9m 0.79% Added +10.0k +9,956
15 Coastline Complete Wealth LLC 2.42% of their portfolio BLUFFTON, SC 166,667166.7k $3.9m $3.9m 2.42% Added +95.1k +95,112
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 166,615166.6k $3.9m $3.9m 0.00% Reduced -7.8k -7,795
17 MONECO ADVISORS, LLC 0.29% of their portfolio FAIRFIELD, CT 158,601158.6k $3.7m $3.7m 0.29% Added +20.7k +20,726
18 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 156,027156.0k $3.7m $3.7m 0.03% Added +14.6k +14,644
19 Atlantic Union Bankshares Corp 0.07% of their portfolio GLEN ALLEN, VA 147,209147.2k $3.4m $3.4m 0.07% Added +9.9k +9,946
20 Key Financial Inc 0.61% of their portfolio WEST CHESTER, PA 146,720146.7k $3.4m $3.4m 0.61% Reduced -61.2k -61,155
21 Financial Solutions Advisory Group, Inc. 0.45% of their portfolio CHICAGO, IL 138,381138.4k $3.2m $3.2m 0.45% First filing
22 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 129,700129.7k $3.0m $3.0m 0.00% Added +12.6k +12,566
23 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 128,496128.5k $3.0m $3.0m 0.00% Added +5.2k +5,250
24 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 115,133115.1k $2.7m $2.7m 0.00% Added +12.2k +12,160
25 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 114,095114.1k $2.7m $2.7m 0.01% Added +88.6k +88,589
26 Invariant Investment Management 1.63% of their portfolio CAMP HILL, PA 112,648112.6k $2.6m $2.6m 1.63% Added +135 +135
27 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 109,444109.4k $2.6m $2.6m 0.00% Added +1.0k +1,043
28 Asset Dedication, LLC 0.18% of their portfolio SAN FRANCISCO, CA 108,647108.6k $2.5m $2.5m 0.18% Reduced -13.4k -13,361
29 SIGNATUREFD, LLC 0.03% of their portfolio ATLANTA, GA 86,92086.9k $2.0m $2.0m 0.03% Added +10.6k +10,560
30 VestGen Advisors, LLC 0.06% of their portfolio CHICAGO, IL 85,74485.7k $2.0m $2.0m 0.06% Reduced -519 -519
31 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 81,32381.3k $1.9m $1.9m 0.01% Reduced -25.9k -25,854
32 Clark Asset Management, LLC 0.18% of their portfolio STRATHAM, NH 80,08380.1k $1.9m $1.9m 0.18% Added +15.4k +15,360
33 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 77,61077.6k $1.8m $1.8m 0.00% Added +19.1k +19,061
34 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 74,20774.2k $1.7m $1.7m 0.00% New
35 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 72,82972.8k $1.7m $1.7m 0.00% Reduced -19.5k -19,496
36 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 69,58069.6k $1.6m $1.6m 0.00% Added +4.2k +4,180
37 Cornerstone Wealth Management, LLC 0.07% of their portfolio ST. PETERS, MO 61,44161.4k $1.4m $1.4m 0.07% Added +3.4k +3,353
38 Paulson Wealth Management Inc. 0.33% of their portfolio West Palm Beach, FL 59,70359.7k $1.4m $1.4m 0.33% Added +18.9k +18,915
39 Legacy Private Trust Co. 0.08% of their portfolio NEENAH, WI 57,11957.1k $1.3m $1.3m 0.08% Added +24.7k +24,659
40 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 54,18154.2k $1.3m $1.3m 0.00% Unchanged
41 Farmers National Bank 0.28% of their portfolio DANVILLE, KY 54,16554.2k $1.3m $1.3m 0.28% Added +317 +317
42 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 53,60553.6k $1.3m $1.3m 0.00% Added +4.9k +4,881
43 Modern Wealth Management, LLC 0.02% of their portfolio KANSAS CITY, MO 48,63848.6k $1.1m $1.1m 0.02% Unchanged
44 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 46,96447.0k $1.1m $1.1m 0.00% Unchanged
45 PAX Financial Group, LLC 0.19% of their portfolio SAN ANTONIO, TX 46,86046.9k $1.1m $1.1m 0.19% Reduced -1.2k -1,205
46 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 43,95644.0k $1.0m $1.0m 0.01% Added +7.1k +7,087
47 Willis Johnson & Associates, Inc. 0.06% of their portfolio Houston, TX 42,38342.4k $991.6k $991.6k 0.06% New
48 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 41,19541.2k $963.8k $963.8k 0.00% Added +64 +64
49 AlphaStar Capital Management, LLC 0.07% of their portfolio CORNELIUS, NC 39,76939.8k $930.4k $930.4k 0.07% Added +40 +40
50 Accurate Wealth Management, LLC 0.10% of their portfolio WESLEY CHAPEL, FL 36,60936.6k $860.1k $860.1k 0.10% Added +5.9k +5,949
51 Astoria Portfolio Advisors LLC. 0.18% of their portfolio NEW YORK, NY 36,40236.4k $853.1k $853.1k 0.18% Unchanged
52 WEBSTER BANK, N. A. 0.08% of their portfolio WATERBURY, CT 34,07534.1k $797.2k $797.2k 0.08% Added +8.5k +8,500
53 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 32,87832.9k $769.2k $769.2k 0.00% Added +8.2k +8,248
54 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 30,97331.0k $724.6k $724.6k 0.00% Added +22.0k +21,991
55 Marietta Wealth Management, LLC 0.09% of their portfolio MARIETTA, GA 30,76930.8k $719.8k $719.8k 0.09% Added +300 +300
56 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 29,53029.5k $690.9k $690.9k 0.01% Unchanged
57 Vermillion & White Wealth Management Group, LLC 0.40% of their portfolio PHOENIXVILLE, PA 29,47129.5k $689.5k $689.5k 0.40% Added +56 +56
58 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 28,24428.2k $660.8k $660.8k 0.00% Added +11.1k +11,061
59 LANDAAS & CO /WI /ADV 0.14% of their portfolio MILWAUKEE, WI 28,01128.0k $655.3k $655.3k 0.14% Added +4.3k +4,275
60 SENTINEL PENSION ADVISORS, LLC 0.10% of their portfolio WAKEFIELD, MA 27,99528.0k $654.9k $654.9k 0.10% Added +861 +861
61 Addison Advisors LLC 0.14% of their portfolio MIDDLEBURY, VT 27,52827.5k $644.0k $644.0k 0.14% Added +1.2k +1,173
62 River Street Advisors LLC 0.22% of their portfolio AURORA, IL 27,31527.3k $639.0k $639.0k 0.22% Added +8.4k +8,430
63 Anchor Investment Management, LLC 0.05% of their portfolio COLUMBIA, SC 27,20027.2k $636.3k $636.3k 0.05% Added +12.2k +12,200
64 Meridian Wealth Management, LLC 0.02% of their portfolio LEXINGTON, KY 26,83426.8k $627.8k $627.8k 0.02% Unchanged
65 Hobbs Group Advisors, LLC 0.18% of their portfolio COLUMBIA, SC 26,23626.2k $613.8k $613.8k 0.18% Added +3.7k +3,699
66 HOWARD WEALTH MANAGEMENT, LLC 0.25% of their portfolio Madison, CT 25,05025.1k $586.0k $586.0k 0.25% Added +3.0k +3,020
67 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 24,16824.2k $565.4k $565.4k 0.01% Added +5.5k +5,474
68 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 24,09024.1k $563.6k $563.6k 0.00% Reduced -5.8k -5,790
69 Avantax Planning Partners, Inc. 0.02% of their portfolio DUBUQUE, IA 23,46723.5k $549.0k $549.0k 0.02% Added +2.3k +2,278
70 Carnegie Investment Counsel 0.01% of their portfolio PEPPER PIKE, OH 23,08723.1k $540.1k $540.1k 0.01% New
71 HUB Investment Partners, LLC 0.01% of their portfolio AUSTIN, TX 22,85622.9k $534.7k $534.7k 0.01% New
72 TLWM 0.09% of their portfolio SAN ANTONIO, TX 21,89721.9k $512.3k $512.3k 0.09% Reduced -1.3k -1,262
73 DOVER ADVISORS, LLC 0.21% of their portfolio RICHMOND, VA 21,89021.9k $512.1k $512.1k 0.21% Unchanged
74 WESPAC Advisors, LLC 0.28% of their portfolio ORINDA, CA 21,65321.7k $506.6k $506.6k 0.28% Unchanged
75 Horizons Wealth Management 0.34% of their portfolio ASHEVILLE, NC 21,53721.5k $503.9k $503.9k 0.34% Unchanged
76 Heritage Trust Co 0.05% of their portfolio OKLAHOMA CITY, OK 20,88620.9k $488.6k $488.6k 0.05% Added +4.8k +4,798
77 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 20,28320.3k $474.5k $474.5k 0.00% Unchanged
78 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 19,58319.6k $458.1k $458.1k 0.00% Added +9.8k +9,772
79 First Command Advisory Services, Inc. 0.00% of their portfolio FORT WORTH, TX 19,38219.4k $453.4k $453.4k 0.00% Added +7.5k +7,503
80 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 18,61718.6k $436.0k $436.0k 0.00% Reduced -725 -725
81 AA Financial Advisors, LLC 0.06% of their portfolio Columbus, OH 18,53318.5k $433.6k $433.6k 0.06% Added +4.3k +4,253
82 Jacobi Capital Management LLC 0.02% of their portfolio PITTSTON, PA 18,28218.3k $427.7k $427.7k 0.02% Added +100 +100
83 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 17,36917.4k $406.4k $406.4k 0.00% New
84 MEMBERS WEALTH LLC 0.24% of their portfolio MEDIA, PA 17,35017.4k $406.5k $406.5k 0.24% Reduced -2.1k -2,123
85 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 17,16717.2k $401.6k $401.6k 0.00% Added +5.4k +5,393
86 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 17,02217.0k $398.2k $398.2k 0.00% Unchanged
87 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 16,97917.0k $397.2k $397.2k 0.00% New
88 KICKSTAND VENTURES, LLC. 0.08% of their portfolio PITTSFORD, NY 16,53116.5k $386.7k $386.7k 0.08% Reduced -170 -170
89 Wingate Wealth Advisors, Inc. 0.19% of their portfolio LEXINGTON, MA 15,50815.5k $362.8k $362.8k 0.19% Added +105 +105
90 YANKCOM Partnership 0.15% of their portfolio Yankton, SD 15,26615.3k $357.2k $357.2k 0.15% Added +1.6k +1,575
91 OLD SECOND NATIONAL BANK OF AURORA 0.07% of their portfolio AURORA, IL 15,11715.1k $353.7k $353.7k 0.07% New
92 Cooksen Wealth, LLC 0.26% of their portfolio THE WOODLANDS, TX 15,04815.0k $352.1k $352.1k 0.26% Unchanged
93 Ausdal Financial Partners, Inc. 0.02% of their portfolio Davenport, IA 14,88114.9k $348.2k $348.2k 0.02% Added +2.6k +2,631
94 Cambridge Financial Group, LLC 0.12% of their portfolio TUCSON, AZ 14,79414.8k $346.1k $346.1k 0.12% Reduced -5.6k -5,571
95 FF Advisors,LLC 0.14% of their portfolio MANHATTAN BEACH, CA 14,28514.3k $334.6k $334.6k 0.14% Reduced -2.6k -2,593
96 Coastal Bridge Advisors, LLC 0.02% of their portfolio WESTPORT, CT 13,77713.8k $322.3k $322.3k 0.02% Added +3.4k +3,362
97 SILVERLAKE WEALTH MANAGEMENT LLC 0.07% of their portfolio WILLISTON, VT 13,70013.7k $320.5k $320.5k 0.07% Unchanged
98 Bill Few Associates, Inc. 0.07% of their portfolio SEWICKLEY, PA 12,83612.8k $300.3k $300.3k 0.07% Unchanged
99 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 12,49412.5k $292.3k $292.3k 0.00% Added +1.4k +1,427
100 BridgePort Financial Solutions, LLC 0.08% of their portfolio FAIRFIELD, IA 12,28612.3k $287.4k $287.4k 0.08% New