RIAs Boost ETF Holdings 13.7% in Q1 as Invesco Market Share Slips
IVZ•RIAs increased average ETF holdings to 89.7 per firm in Q1 2026, with 50.1% of advisors adding new funds versus 28.9% reducing positions and turnover rising to 12.3%. Major issuers including Invesco saw slight market share declines as active managers like Akre Capital gained 188.6% more RIA allocations.
1. ETF Adoption Trends
In the first quarter of 2026, registered investment advisors raised their average ETF count to 89.7 per firm. Net additions outpaced drops, with 50.1% of RIAs adding new ETFs versus 28.9% reducing holdings and an overall turnover ratio climbing to 12.3%.
2. Invesco Market Share Impact
Among the largest ETF issuers, Invesco experienced a minor share decline as a portion of RIAs shifted allocations. This reduction occurred despite the broader increase in ETF adoption, indicating competitive pressure from emerging strategies.
3. Active and Specialty ETF Growth
Active-focused issuers saw notable gains, led by Akre Capital Management’s AKRE ETF, which achieved a 188.6% surge in RIA holders. Cohen & Steers, REX Shares and Cambria also recorded increases of 35.3%, 31.6% and 27.0%, respectively.
4. Category Allocation Shifts
Energy-focused ETFs attracted 14.0% more RIAs, commodities broad baskets rose by 13.2%, and natural resources allocations climbed 8.4%. Additional inflows targeted industrials, Latin American equities and diversified emerging markets.
