Vault-13

INVESCO EXCH TRD SLF IDX FD BSMR

BULSHS 2027 MUNI · ETP · CUSIP 46138J494

124 institutional holders +2 vs Q2 2025
8,277,6088.3m shares reported held*
$196.0mreported value*
11 new 70 added 20 reduced 8 sold out net bought ≈ $18.4m (+779.6k 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 ≈ $23.68.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 32Q4 22: 43Q1 23: 46Q2 23: 53Q3 23: 55Q4 23: 72Q1 24: 76Q2 24: 85Q3 24: 94Q4 24: 110Q1 25: 116Q2 25: 122Q3 25: 124124Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202232
Q4 202243
Q1 202346
Q2 202353
Q3 202355
Q4 202372
Q1 202476
Q2 202485
Q3 202494
Q4 2024110
Q1 2025116
Q2 2025122
Q3 2025124

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 41 bought or addedQ4 23: 15 cut or sold outQ1 24: 52 bought or addedQ1 24: 17 cut or sold outQ1 24Q2 24: 53 bought or addedQ2 24: 19 cut or sold outQ3 24: 64 bought or addedQ3 24: 18 cut or sold outQ3 24Q4 24: 71 bought or addedQ4 24: 20 cut or sold outQ1 25: 74 bought or addedQ1 25: 27 cut or sold outQ1 25Q2 25: 66 bought or addedQ2 25: 41 cut or sold outQ3 25: 81 bought or addedQ3 25: 28 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20234115
Q1 20245217
Q2 20245319
Q3 20246418
Q4 20247120
Q1 20257427
Q2 20256641
Q3 20258128

Biggest buyers

Summit Financial, LLC New +214,305+214.3k
Sanctuary Advisors, LLC Added +192,009+192.0k
COMMONWEALTH EQUITY SERVICES, LLC Added +89,714+89.7k
WELLS FARGO & COMPANY/MN Added +46,450+46.5k
AMERIPRISE FINANCIAL INC Added +44,983+45.0k
SIGNATUREFD, LLC Added +44,916+44.9k
Hills Bank & Trust Co Added +44,218+44.2k
Invesco Ltd. Added +40,285+40.3k
JONES FINANCIAL COMPANIES LLLP Added +24,595+24.6k
Integrated Wealth Concepts LLC Added +21,688+21.7k

Biggest sellers

Elequin Capital, LP Sold out -89,011-89.0k
ROYAL BANK OF CANADA Reduced -49,175-49.2k
Thrivent Financial for Lutherans Reduced -45,034-45.0k
Atria Investments, Inc Sold out -43,872-43.9k
Focus Financial Network, Inc. Sold out -28,157-28.2k
CGN Advisors LLC Reduced -17,186-17.2k
Kathmere Capital Management, LLC Reduced -13,980-14.0k
CONFLUENCE INVESTMENT MANAGEMENT LLC Reduced -13,305-13.3k
LPL Financial LLC Reduced -12,826-12.8k
Freedom Investment Management, Inc. Sold out -11,898-11.9k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 546,535546.5k $12.9m $12.9m 0.00% Added +10.1k +10,068
2 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 492,116492.1k $11.6m $11.6m 0.00% Added +46.5k +46,450
3 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 413,656413.7k $9.8m $9.8m 0.00% Reduced -12.8k -12,826
4 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 374,294374.3k $8.8m $8.8m 0.03% Added +192.0k +192,009
5 Atlantic Union Bankshares Corp 0.15% of their portfolio GLEN ALLEN, VA 337,140337.1k $8.0m $8.0m 0.15% Added +21.6k +21,579
6 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 334,094334.1k $7.9m $7.9m 0.00% Added +40.3k +40,285
7 Key Financial Inc 1.24% of their portfolio WEST CHESTER, PA 284,451284.5k $6.7m $6.7m 1.24% Added +663 +663
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 273,721273.7k $6.5m $6.5m 0.00% Added +16.2k +16,239
9 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 272,724272.7k $6.5m $6.5m 0.01% Added +89.7k +89,714
10 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.09% of their portfolio ST. LOUIS, MO 251,853251.9k $6.0m $6.0m 0.09% Reduced -13.3k -13,305
11 Summit Financial, LLC 0.08% of their portfolio PARSIPPANY, NJ 214,305214.3k $5.1m $5.1m 0.08% New
12 VestGen Advisors, LLC 0.16% of their portfolio CHICAGO, IL 202,068202.1k $4.8m $4.8m 0.16% Added +1.0k +1,048
13 CENTRAL VALLEY ADVISORS, LLC 1.35% of their portfolio SACRAMENTO, CA 184,059184.1k $4.4m $4.4m 1.35% Added +1.2k +1,208
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 179,545179.5k $4.2m $4.2m 0.00% Added +9.7k +9,660
15 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 170,276170.3k $4.0m $4.0m 0.02% Added +5.2k +5,202
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 168,606168.6k $4.0m $4.0m 0.00% Added +2.0k +1,996
17 Avior Wealth Management, LLC 0.13% of their portfolio OMAHA, NE 166,387166.4k $3.9m $3.9m 0.13% Added +18.6k +18,589
18 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 154,783154.8k $3.7m $3.7m 0.03% Added +21.7k +21,688
19 PRECEDENT WEALTH PARTNERS, LLC 0.76% of their portfolio HOUSTON, TX 146,146146.1k $3.5m $3.5m 0.76% Added +17.4k +17,412
20 MONECO ADVISORS, LLC 0.25% of their portfolio FAIRFIELD, CT 127,682127.7k $3.0m $3.0m 0.25% Added +7.3k +7,277
21 Kathmere Capital Management, LLC 0.21% of their portfolio WAYNE, PA 126,686126.7k $3.0m $3.0m 0.21% Reduced -14.0k -13,980
22 Hills Bank & Trust Co 0.17% of their portfolio North Liberty, IA 122,629122.6k $2.9m $2.9m 0.17% Added +44.2k +44,218
23 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 121,416121.4k $2.9m $2.9m 0.00% Reduced -9.3k -9,348
24 Asset Dedication, LLC 0.17% of their portfolio SAN FRANCISCO, CA 108,639108.6k $2.6m $2.6m 0.17% Added +1.7k +1,690
25 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 107,721107.7k $2.5m $2.5m 0.00% Added +2.8k +2,769
26 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 100,737100.7k $2.4m $2.4m 0.00% Added +11.6k +11,610
27 SIGNATUREFD, LLC 0.03% of their portfolio ATLANTA, GA 87,58087.6k $2.1m $2.1m 0.03% Added +44.9k +44,916
28 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 77,92277.9k $1.8m $1.8m 0.00% Added +2.5k +2,535
29 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 71,94571.9k $1.7m $1.7m 0.00% Reduced -2.0k -2,039
30 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 66,53466.5k $1.6m $1.6m 0.00% Added +3.4k +3,430
31 Cornerstone Wealth Management, LLC 0.09% of their portfolio ST. PETERS, MO 65,50665.5k $1.5m $1.5m 0.09% Added +7.2k +7,239
32 Paulson Wealth Management Inc. 0.32% of their portfolio West Palm Beach, FL 56,93756.9k $1.3m $1.3m 0.32% Added +15.5k +15,481
33 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 56,20456.2k $1.3m $1.3m 0.00% Added +45.0k +44,983
34 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 53,54253.5k $1.3m $1.3m 0.01% Added +4.1k +4,066
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 50,70350.7k $1.2m $1.2m 0.00% Reduced -49.2k -49,175
36 Farmers National Bank 0.28% of their portfolio DANVILLE, KY 49,64049.6k $1.2m $1.2m 0.28% Added +1.3k +1,294
37 Farnam Financial LLC 0.87% of their portfolio PHOENIX, AZ 47,34047.3k $1.1m $1.1m 0.87% Unchanged
38 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 47,07947.1k $1.1m $1.1m 0.00% Added +9.4k +9,355
39 PAX Financial Group, LLC 0.20% of their portfolio SAN ANTONIO, TX 47,02047.0k $1.1m $1.1m 0.20% Reduced -1.4k -1,358
40 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 46,64446.6k $1.1m $1.1m 0.00% Unchanged
41 Clark Asset Management, LLC 0.13% of their portfolio STRATHAM, NH 45,59145.6k $1.1m $1.1m 0.13% Added +16.5k +16,530
42 AlphaStar Capital Management, LLC 0.09% of their portfolio CORNELIUS, NC 43,98944.0k $1.0m $1.0m 0.09% Reduced -2.3k -2,286
43 Astoria Portfolio Advisors LLC. 0.27% of their portfolio NEW YORK, NY 43,28943.3k $1.0m $1.0m 0.27% Reduced -741 -741
44 Aptus Capital Advisors, LLC 0.01% of their portfolio FAIRHOPE, AL 43,08243.1k $1.0m $1.0m 0.01% Added +298 +298
45 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 41,87941.9k $990.9k $990.9k 0.00% Added +121 +121
46 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 41,83641.8k $989.8k $989.8k 0.00% Added +24.6k +24,595
47 Meridian Wealth Management, LLC 0.04% of their portfolio LEXINGTON, KY 38,95339.0k $921.6k $921.6k 0.04% Added +5.3k +5,321
48 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 38,25538.3k $905.1k $905.1k 0.00% Added +11.2k +11,222
49 Sarver Vrooman Wealth Advisors 0.54% of their portfolio KANSAS CITY, MO 35,76535.8k $846.2k $846.2k 0.54% Added +580 +580
50 First Command Advisory Services, Inc. 0.01% of their portfolio FORT WORTH, TX 35,16135.2k $831.9k $831.9k 0.01% Added +824 +824
51 Vermillion & White Wealth Management Group, LLC 0.46% of their portfolio PHOENIXVILLE, PA 33,95634.0k $803.4k $803.4k 0.46% Unchanged
52 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 31,92031.9k $755.2k $755.2k 0.02% Reduced -1.3k -1,300
53 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 30,83930.8k $729.7k $729.7k 0.00% Added +19 +19
54 Marietta Wealth Management, LLC 0.09% of their portfolio MARIETTA, GA 30,24530.2k $715.6k $715.6k 0.09% Added +8.9k +8,865
55 Accurate Wealth Management, LLC 0.10% of their portfolio WESLEY CHAPEL, FL 30,12330.1k $714.1k $714.1k 0.10% Added +7.3k +7,266
56 Sterling Financial Group, Inc. 0.21% of their portfolio PASADENA, CA 28,39928.4k $671.9k $671.9k 0.21% Added +10.0k +9,976
57 SENTINEL PENSION ADVISORS, LLC 0.11% of their portfolio WAKEFIELD, MA 28,15128.2k $666.0k $666.0k 0.11% Added +17 +17
58 Koss-Olinger Consulting, LLC 0.05% of their portfolio GAINESVILLE, FL 27,51427.5k $646.0k $646.0k 0.05% Unchanged
59 WESPAC Advisors, LLC 0.36% of their portfolio ORINDA, CA 25,87225.9k $612.1k $612.1k 0.36% Unchanged
60 Hobbs Group Advisors, LLC 0.19% of their portfolio COLUMBIA, SC 25,78825.8k $610.1k $610.1k 0.19% Added +3.2k +3,193
61 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 24,31224.3k $575.2k $575.2k 0.00% Unchanged
62 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 24,05824.1k $569.2k $569.2k 0.01% Unchanged
63 YANKCOM Partnership 0.25% of their portfolio Yankton, SD 23,22623.2k $549.5k $549.5k 0.25% Unchanged
64 AA Financial Advisors, LLC 0.11% of their portfolio Columbus, OH 22,82122.8k $539.9k $539.9k 0.11% Added +13 +13
65 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 22,59022.6k $534.5k $534.5k 0.00% Added +4.7k +4,723
66 TLWM 0.09% of their portfolio SAN ANTONIO, TX 22,21022.2k $525.5k $525.5k 0.09% Reduced -189 -189
67 Addison Advisors LLC 0.12% of their portfolio MIDDLEBURY, VT 22,09322.1k $522.7k $522.7k 0.12% Added +2.0k +2,044
68 River Street Advisors LLC 0.19% of their portfolio AURORA, IL 21,02021.0k $497.3k $497.3k 0.19% Added +10.0k +9,980
69 StoneX Group Inc. 0.02% of their portfolio NEW YORK, NY 20,49620.5k $484.9k $484.9k 0.02% Reduced -1.6k -1,603
70 Legacy Private Trust Co. 0.03% of their portfolio NEENAH, WI 20,36520.4k $481.8k $481.8k 0.03% Added +9.2k +9,190
71 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 20,06320.1k $474.7k $474.7k 0.00% Added +11.1k +11,114
72 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 18,34318.3k $434.0k $434.0k 0.00% Added +2.2k +2,221
73 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 18,33218.3k $433.7k $433.7k 0.01% Added +130 +130
74 Heritage Trust Co 0.05% of their portfolio OKLAHOMA CITY, OK 18,14818.1k $429.4k $429.4k 0.05% Added +2.0k +2,014
75 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 18,01718.0k $426.3k $426.3k 0.00% Added +2.3k +2,255
76 OneAscent Financial Services LLC 0.03% of their portfolio BIRMINGHAM, AL 17,65017.6k $417.6k $417.6k 0.03% New
77 Bill Few Associates, Inc. 0.10% of their portfolio SEWICKLEY, PA 17,11917.1k $405.0k $405.0k 0.10% Unchanged
78 VOISARD ASSET MANAGEMENT GROUP, INC. 0.09% of their portfolio Grand Rapids, MI 16,98017.0k $401.7k $401.7k 0.09% Unchanged
79 KICKSTAND VENTURES, LLC. 0.09% of their portfolio PITTSFORD, NY 16,97717.0k $401.7k $401.7k 0.09% Unchanged
80 LANDAAS & CO /WI /ADV 0.09% of their portfolio MILWAUKEE, WI 16,90516.9k $400.0k $400.0k 0.09% Added +4.8k +4,844
81 CGN Advisors LLC 0.03% of their portfolio MANHATTAN, KS 16,69016.7k $394.9k $394.9k 0.03% Reduced -17.2k -17,186
82 Horizons Wealth Management 0.27% of their portfolio ASHEVILLE, NC 16,34616.3k $386.7k $386.7k 0.27% Added +423 +423
83 HOWARD WEALTH MANAGEMENT, LLC 0.17% of their portfolio Madison, CT 15,44015.4k $365.3k $365.3k 0.17% Added +750 +750
84 Wingate Wealth Advisors, Inc. 0.25% of their portfolio LEXINGTON, MA 15,12015.1k $357.8k $357.8k 0.25% Added +106 +106
85 Cooksen Wealth, LLC 0.26% of their portfolio THE WOODLANDS, TX 14,86214.9k $351.6k $351.6k 0.26% Unchanged
86 Jacobi Capital Management LLC 0.02% of their portfolio PITTSTON, PA 14,83814.8k $351.1k $351.1k 0.02% Added +2.6k +2,600
87 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 14,58414.6k $345.1k $345.1k 0.00% Added +3.6k +3,600
88 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 14,01514.0k $332.0k $332.0k 0.00% Reduced -45.0k -45,034
89 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 13,59113.6k $321.6k $321.6k 0.00% New
90 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 13,13913.1k $310.9k $310.9k 0.01% Added +130 +130
91 Western Wealth Management, LLC 0.02% of their portfolio GOLDEN, CO 13,10013.1k $309.9k $309.9k 0.02% Added +4.0k +4,000
92 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 12,72112.7k $301.0k $301.0k 0.00% Added +930 +930
93 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 12,64212.6k $299.1k $299.1k 0.00% New
94 SILVERLAKE WEALTH MANAGEMENT LLC 0.07% of their portfolio WILLISTON, VT 11,76811.8k $278.4k $278.4k 0.07% Unchanged
95 Bluespring Wealth Management, LLC 0.02% of their portfolio AUSTIN, TX 10,66510.7k $252.3k $252.3k 0.02% Unchanged
96 Coastal Bridge Advisors, LLC 0.02% of their portfolio WESTPORT, CT 10,27210.3k $243.0k $243.0k 0.02% Added +1.7k +1,718
97 Community Bank & Trust, Waco, Texas 0.05% of their portfolio WACO, TX 9,3179.3k $220.0k $220.0k 0.05% New
98 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 9,1299.1k $216.0k $216.0k 0.00% Reduced -3.8k -3,798
99 WEBSTER BANK, N. A. 0.02% of their portfolio WATERBURY, CT 9,1259.1k $215.9k $215.9k 0.02% Added +4.2k +4,250
100 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.01% of their portfolio CEDAR RAPIDS, IA 9,0479.0k $214.1k $214.1k 0.01% New