Vault-13

INVESCO EXCH TRD SLF IDX FD BSMR

BULSHS 2027 MUNI · ETP · CUSIP 46138J494

143 institutional holders +5 vs Q4 2025
9,974,90010.0m shares reported held*
$236.4mreported value*
16 new 73 added 27 reduced 12 sold out net bought ≈ $17.0m (+706.5k 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 ($302.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.70.

Trends to Q1 2026

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: 124Q4 25: 138Q1 26: 143143Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025138
Q1 2026143

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 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 25Q4 25: 89 bought or addedQ4 25: 20 cut or sold outQ1 26: 89 bought or addedQ1 26: 39 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20245319
Q3 20246418
Q4 20247120
Q1 20257427
Q2 20256641
Q3 20258128
Q4 20258920
Q1 20268939

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +181,981+182.0k
RAYMOND JAMES FINANCIAL INC Added +131,828+131.8k
Thomas J. Herzfeld Advisors, Inc. New +96,212+96.2k
Thrivent Financial for Lutherans Added +74,810+74.8k
HighTower Advisors, LLC Added +71,206+71.2k
UBS Group AG Added +57,834+57.8k
LPL Financial LLC Added +54,274+54.3k
Willis Johnson & Associates, Inc. New +42,151+42.2k
AMERIPRISE FINANCIAL INC Added +33,895+33.9k
Key Financial Inc Added +33,267+33.3k

Biggest sellers

CONFLUENCE INVESTMENT MANAGEMENT LLC Sold out -243,914-243.9k
Elequin Capital, LP Sold out -155,296-155.3k
Summit Trail Advisors, LLC Sold out -33,451-33.5k
Koss-Olinger Consulting, LLC Sold out -32,535-32.5k
Sanctuary Advisors, LLC Reduced -28,932-28.9k
Kathmere Capital Management, LLC Reduced -21,753-21.8k
MML INVESTORS SERVICES, LLC Reduced -18,557-18.6k
Asset Dedication, LLC Reduced -16,976-17.0k
CENTRAL VALLEY ADVISORS, LLC Reduced -14,726-14.7k
StoneX Group Inc. Sold out -14,315-14.3k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 563,847563.8k $13.3m $13.3m 0.00% Added +13.6k +13,563
2 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 500,074500.1k $11.8m $11.8m 0.00% Added +54.3k +54,274
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 466,692466.7k $11.0m $11.0m 0.00% Added +182.0k +181,981
4 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 462,632462.6k $10.9m $10.9m 0.00% Added +13.3k +13,287
5 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 394,919394.9k $9.3m $9.3m 0.00% Added +25.1k +25,091
6 Financial Solutions Advisory Group, Inc. 1.13% of their portfolio CHICAGO, IL 344,756344.8k $8.2m $8.2m 1.13% First filing
7 Key Financial Inc 1.44% of their portfolio WEST CHESTER, PA 342,056342.1k $8.1m $8.1m 1.44% Added +33.3k +33,267
8 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 332,665332.7k $7.9m $7.9m 0.00% Added +131.8k +131,828
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 254,229254.2k $6.0m $6.0m 0.00% Added +57.8k +57,834
10 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 230,738230.7k $5.5m $5.5m 0.01% Added +71.2k +71,206
11 Hills Bank & Trust Co 0.26% of their portfolio North Liberty, IA 230,415230.4k $5.5m $5.5m 0.26% Added +23.8k +23,849
12 Summit Financial, LLC 0.07% of their portfolio PARSIPPANY, NJ 215,989216.0k $5.1m $5.1m 0.07% Added +1.6k +1,600
13 Atlantic Union Bankshares Corp 0.10% of their portfolio GLEN ALLEN, VA 214,466214.5k $5.1m $5.1m 0.10% Added +11.4k +11,419
14 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 203,640203.6k $4.8m $4.8m 0.02% Added +20.8k +20,812
15 Integrated Wealth Concepts LLC 0.04% of their portfolio WALTHAM, MA 196,490196.5k $4.6m $4.6m 0.04% Added +24.3k +24,340
16 Avior Wealth Management, LLC 0.12% of their portfolio OMAHA, NE 182,511182.5k $4.3m $4.3m 0.12% Reduced -8.7k -8,690
17 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 176,485176.5k $4.2m $4.2m 0.01% Added +74.8k +74,810
18 PRECEDENT WEALTH PARTNERS, LLC 0.81% of their portfolio HOUSTON, TX 171,911171.9k $4.1m $4.1m 0.81% Added +14.0k +14,018
19 CENTRAL VALLEY ADVISORS, LLC 1.09% of their portfolio SACRAMENTO, CA 169,534169.5k $4.0m $4.0m 1.09% Reduced -14.7k -14,726
20 Coastline Complete Wealth LLC 2.44% of their portfolio BLUFFTON, SC 166,160166.2k $3.9m $3.9m 2.44% Added +10.5k +10,466
21 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 158,199158.2k $3.7m $3.7m 0.02% Reduced -28.9k -28,932
22 MONECO ADVISORS, LLC 0.28% of their portfolio FAIRFIELD, CT 150,408150.4k $3.6m $3.6m 0.28% Added +15.2k +15,169
23 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 138,451138.5k $3.3m $3.3m 0.00% Added +9.3k +9,301
24 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 124,735124.7k $3.0m $3.0m 0.00% Added +9.2k +9,162
25 Asset Dedication, LLC 0.20% of their portfolio SAN FRANCISCO, CA 121,741121.7k $2.9m $2.9m 0.20% Reduced -17.0k -16,976
26 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 112,943112.9k $2.7m $2.7m 0.00% Added +1.0k +1,045
27 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 108,916108.9k $2.5m $2.5m 0.00% Added +33.9k +33,895
28 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 105,032105.0k $2.5m $2.5m 0.00% Reduced -5.6k -5,582
29 Kathmere Capital Management, LLC 0.15% of their portfolio WAYNE, PA 104,384104.4k $2.5m $2.5m 0.15% Reduced -21.8k -21,753
30 Thomas J. Herzfeld Advisors, Inc. 0.77% of their portfolio MIAMI BEACH, FL 96,21296.2k $2.3m $2.3m 0.77% New
31 VestGen Advisors, LLC 0.06% of their portfolio CHICAGO, IL 92,59792.6k $2.2m $2.2m 0.06% Reduced -4.0k -3,960
32 SIGNATUREFD, LLC 0.03% of their portfolio ATLANTA, GA 90,10290.1k $2.1m $2.1m 0.03% Added +2.5k +2,522
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 83,49683.5k $2.0m $2.0m 0.00% Added +30.2k +30,181
34 Paulson Wealth Management Inc. 0.44% of their portfolio West Palm Beach, FL 78,51178.5k $1.9m $1.9m 0.44% Added +18.8k +18,835
35 Cornerstone Wealth Management, LLC 0.08% of their portfolio ST. PETERS, MO 70,98871.0k $1.7m $1.7m 0.08% Added +2.9k +2,863
36 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 69,46469.5k $1.6m $1.6m 0.00% Reduced -18.6k -18,557
37 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 69,18269.2k $1.6m $1.6m 0.00% Added +13.4k +13,446
38 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 68,97569.0k $1.6m $1.6m 0.01% Added +1.8k +1,768
39 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 68,77668.8k $1.6m $1.6m 0.00% Reduced -7.8k -7,829
40 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 67,85967.9k $1.6m $1.6m 0.00% Added +2.9k +2,943
41 Legacy Private Trust Co. 0.08% of their portfolio NEENAH, WI 57,52057.5k $1.4m $1.4m 0.08% Added +24.5k +24,512
42 Aptus Capital Advisors, LLC 0.01% of their portfolio FAIRHOPE, AL 54,08354.1k $1.3m $1.3m 0.01% Added +10.7k +10,722
43 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 53,31153.3k $1.3m $1.3m 0.01% Added +26.3k +26,282
44 Farmers National Bank 0.27% of their portfolio DANVILLE, KY 51,26451.3k $1.2m $1.2m 0.27% Added +315 +315
45 Farnam Financial LLC 0.96% of their portfolio PHOENIX, AZ 49,44049.4k $1.2m $1.2m 0.96% Added +2.1k +2,100
46 Astoria Portfolio Advisors LLC. 0.24% of their portfolio NEW YORK, NY 48,34848.3k $1.1m $1.1m 0.24% Reduced -21 -21
47 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 47,99548.0k $1.1m $1.1m 0.01% Added +2.8k +2,833
48 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 47,20347.2k $1.1m $1.1m 0.00% Added +62 +62
49 PAX Financial Group, LLC 0.19% of their portfolio SAN ANTONIO, TX 47,19047.2k $1.1m $1.1m 0.19% Added +144 +144
50 Clark Asset Management, LLC 0.10% of their portfolio STRATHAM, NH 47,08147.1k $1.1m $1.1m 0.10% Added +189 +189
51 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 46,64446.6k $1.1m $1.1m 0.00% Unchanged
52 River Street Advisors LLC 0.37% of their portfolio AURORA, IL 46,21446.2k $1.1m $1.1m 0.37% Added +24.0k +24,014
53 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 42,15142.2k $997.0k $997.0k 0.01% Added +3.3k +3,310
54 Willis Johnson & Associates, Inc. 0.06% of their portfolio Houston, TX 42,15142.2k $997.0k $997.0k 0.06% New
55 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 40,86940.9k $966.7k $966.7k 0.00% Reduced -3.2k -3,176
56 Vermillion & White Wealth Management Group, LLC 0.53% of their portfolio PHOENIXVILLE, PA 39,01339.0k $922.8k $922.8k 0.53% Added +149 +149
57 Meridian Wealth Management, LLC 0.03% of their portfolio LEXINGTON, KY 38,95339.0k $921.4k $921.4k 0.03% Unchanged
58 WEBSTER BANK, N. A. 0.09% of their portfolio WATERBURY, CT 38,70038.7k $915.4k $915.4k 0.09% Added +4.2k +4,225
59 AlphaStar Capital Management, LLC 0.07% of their portfolio CORNELIUS, NC 38,13638.1k $902.1k $902.1k 0.07% Added +35 +35
60 Accurate Wealth Management, LLC 0.11% of their portfolio WESLEY CHAPEL, FL 37,99138.0k $899.8k $899.8k 0.11% Added +5.9k +5,929
61 LANDAAS & CO /WI /ADV 0.19% of their portfolio MILWAUKEE, WI 36,91536.9k $873.2k $873.2k 0.19% Added +4.2k +4,219
62 Sarver Vrooman Wealth Advisors 0.53% of their portfolio KANSAS CITY, MO 36,04536.0k $852.6k $852.6k 0.53% Added +115 +115
63 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 32,37232.4k $765.7k $765.7k 0.00% Added +8.5k +8,518
64 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 31,92031.9k $755.0k $755.0k 0.01% Unchanged
65 OneAscent Financial Services LLC 0.04% of their portfolio BIRMINGHAM, AL 31,74631.7k $750.9k $750.9k 0.04% New
66 OLD SECOND NATIONAL BANK OF AURORA 0.15% of their portfolio AURORA, IL 31,50631.5k $745.2k $745.2k 0.15% Added +26.3k +26,306
67 Marietta Wealth Management, LLC 0.09% of their portfolio MARIETTA, GA 30,54530.5k $722.5k $722.5k 0.09% Added +300 +300
68 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 30,42830.4k $719.8k $719.8k 0.00% Reduced -429 -429
69 Hobbs Group Advisors, LLC 0.21% of their portfolio COLUMBIA, SC 29,39029.4k $695.2k $695.2k 0.21% Added +3.7k +3,673
70 SENTINEL PENSION ADVISORS, LLC 0.10% of their portfolio WAKEFIELD, MA 29,02429.0k $686.5k $686.5k 0.10% Added +857 +857
71 First Command Advisory Services, Inc. 0.00% of their portfolio FORT WORTH, TX 27,45627.5k $649.4k $649.4k 0.00% Added +7.5k +7,452
72 WESPAC Advisors, LLC 0.34% of their portfolio ORINDA, CA 25,87225.9k $612.0k $612.0k 0.34% Unchanged
73 HOWARD WEALTH MANAGEMENT, LLC 0.25% of their portfolio Madison, CT 24,88024.9k $588.5k $588.5k 0.25% Added +3.0k +3,005
74 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 24,31224.3k $575.1k $575.1k 0.00% Unchanged
75 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 24,05824.1k $569.1k $569.1k 0.01% Unchanged
76 Heritage Trust Co 0.06% of their portfolio OKLAHOMA CITY, OK 23,62223.6k $558.8k $558.8k 0.06% Added +5.5k +5,474
77 Avantax Planning Partners, Inc. 0.02% of their portfolio DUBUQUE, IA 23,26323.3k $550.3k $550.3k 0.02% Added +2.3k +2,258
78 YANKCOM Partnership 0.23% of their portfolio Yankton, SD 23,22623.2k $549.4k $549.4k 0.23% Unchanged
79 Addison Advisors LLC 0.12% of their portfolio MIDDLEBURY, VT 23,17023.2k $548.1k $548.1k 0.12% Added +672 +672
80 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 23,06623.1k $545.6k $545.6k 0.00% Added +9.5k +9,475
81 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 22,95423.0k $543.0k $543.0k 0.01% Added +4.5k +4,501
82 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 22,86022.9k $540.7k $540.7k 0.00% Reduced -5.5k -5,539
83 HUB Investment Partners, LLC 0.01% of their portfolio AUSTIN, TX 22,63422.6k $535.4k $535.4k 0.01% New
84 TLWM 0.09% of their portfolio SAN ANTONIO, TX 21,95322.0k $519.3k $519.3k 0.09% Reduced -257 -257
85 VOISARD ASSET MANAGEMENT GROUP, INC. 0.11% of their portfolio Grand Rapids, MI 21,92021.9k $518.5k $518.5k 0.11% Unchanged
86 AA Financial Advisors, LLC 0.07% of their portfolio Columbus, OH 21,59621.6k $510.8k $510.8k 0.07% Reduced -5.5k -5,455
87 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 21,54721.5k $509.7k $509.7k 0.00% Added +12.7k +12,667
88 Cambridge Financial Group, LLC 0.17% of their portfolio TUCSON, AZ 21,25521.3k $502.8k $502.8k 0.17% New
89 Jacobi Capital Management LLC 0.02% of their portfolio PITTSTON, PA 18,13818.1k $429.0k $429.0k 0.02% Added +100 +100
90 KICKSTAND VENTURES, LLC. 0.09% of their portfolio PITTSFORD, NY 17,95218.0k $424.6k $424.6k 0.09% Reduced -350 -350
91 Horizons Wealth Management 0.28% of their portfolio ASHEVILLE, NC 17,61817.6k $416.7k $416.7k 0.28% Unchanged
92 Bluespring Wealth Management, LLC 0.04% of their portfolio AUSTIN, TX 17,46517.5k $413.1k $413.1k 0.04% Unchanged
93 Bill Few Associates, Inc. 0.10% of their portfolio SEWICKLEY, PA 17,11917.1k $404.9k $404.9k 0.10% Unchanged
94 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 16,87316.9k $399.1k $399.1k 0.00% Unchanged
95 Carnegie Investment Counsel 0.01% of their portfolio PEPPER PIKE, OH 16,39316.4k $387.8k $387.8k 0.01% New
96 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 15,50515.5k $366.8k $366.8k 0.00% Added +5.1k +5,088
97 Wingate Wealth Advisors, Inc. 0.19% of their portfolio LEXINGTON, MA 15,32215.3k $362.4k $362.4k 0.19% Added +102 +102
98 Cooksen Wealth, LLC 0.26% of their portfolio THE WOODLANDS, TX 14,86214.9k $351.5k $351.5k 0.26% Unchanged
99 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 14,69914.7k $347.7k $347.7k 0.01% Added +1.4k +1,420
100 SILVERLAKE WEALTH MANAGEMENT LLC 0.07% of their portfolio WILLISTON, VT 14,61914.6k $345.8k $345.8k 0.07% Added +6 +6