Trading · authorized participant (AP)

Morgan Stanley Smith Barney LLC

Morgan Stanley Smith Barney LLC was an authorized participant (AP) for 4 US ETFs in Form N-CEN periods ending Oct 31, 2025 to Jun 30, 2026. It created $631m and redeemed $624m of their shares. It was active in 4 of them.

morganstanley.com, the firm’s website ↗

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Morgan Stanley Smith Barney LLC
#	Ticker	Fund	Category	Created	Redeemed	Created and redeemed ↓	Share of the fund’s AP dollars	Active APs in the fund	Period ending
1	XOVR	ERShares Private-Public Crossover ETF	U.S. stocks	$625m	$605m	$1.2bn	16.6%	4	Jun 30, 2026
2	PJUL	Innovator U.S. Equity Power Buffer ETF - Jul	Buffer	$0	$19.0m	$19.0m	2.8%	8	Oct 31, 2025
3	GVAL	Cambria Global Value ETF	International stocks	$5.3m	$0	$5.3m	1.2%	5	Apr 30, 2026
4	GQQQ	Astoria US Quality Growth Kings ETF	U.S. stocks	$614k	$0	$614k	1.0%	6	May 31, 2026

Morgan Stanley Smith Barney LLC as an ETF authorized participant: all 4 funds it created or redeemed in, ranked by what it created and redeemed, in Form N-CEN periods ending Oct 31, 2025 to Jun 30, 2026. Source: ETFIQ from Form N-CEN.

Morgan Stanley Smith Barney by category

The ETFs Morgan Stanley Smith Barney LLC serves, by the category each is placed in, with what it created and redeemed in each.

Morgan Stanley Smith Barney by category, as of Sep 23, 2026. Source: ETFIQ from Form N-CEN.
#	Category	Share of its dollars	ETFs served	Active in	Created	Redeemed
1	U.S. stocks	98.1%	2	2	$625m	$605m
2	International stocks	0.4%	1	1	$5.3m	$0
3	Buffer	1.5%	1	1	$0	$19.0m

Questions people ask

Is Morgan Stanley Smith Barney an ETF authorized participant (AP)?

Yes. Morgan Stanley Smith Barney LLC is listed as an AP for 4 US ETFs in Form N-CEN periods ending Oct 31, 2025 to Jun 30, 2026, and created or redeemed shares in 4 of them.

Which ETFs does Morgan Stanley Smith Barney create and redeem the most?

By dollars created and redeemed: XOVR, $1.2bn; PJUL, $19.0m; GVAL, $5.3m; GQQQ, $614k.

How much of an ETF’s AP activity does Morgan Stanley Smith Barney handle?

Across the 4 funds it was active in, its share of each fund’s AP dollars ran from 1.0% to 16.6%. It was the only active AP in 0 ETFs.

Where do these figures come from?

From item E.2 of each ETF’s latest Form N-CEN, which names its APs and the dollars each created and redeemed. ETFIQ groups the rows by Morgan Stanley Smith Barney’s CRD, SEC file number and LEI, never by the name as typed.

Method

Morgan Stanley Smith Barney LLC is identified by CRD 149777, SEC file number 8-68191, LEI 9R7GPTSO7KV3UQJZQ078. It is on the SEC’s list of active broker-dealers dated Oct 1, 2026 as MORGAN STANLEY SMITH BARNEY LLC. Funds filed its name 4 ways; every spelling is in dealers.json. Every row is one authorized participant (AP) listed in item E.2 of an ETF’s latest Form N-CEN, with the dollars of the fund’s shares it purchased from the fund (created) and redeemed in the fund’s reporting period, as filed. A fund’s period is its own fiscal year, or less where the filing says so, so a firm’s total adds periods that end on different days. Rows are grouped into firms by the identifiers each row carries: the CRD number first, the SEC file number and LEI where the CRD is missing or typed wrong, never by name. 71 of 75,056 rows carry a CRD their file number and LEI place on another firm, and are counted there.

The rest of the method

A firm’s name is its registration on the SEC’s list of active broker-dealers where it is on it. Spot crypto and commodity trusts and ETNs file no N-CEN and are not here.

How these figures are computed →Standards and sources →

Where to next

Most active APs for U.S. stock ETFs→Most active APs for international stock ETFs→Most active APs for buffer ETFs→Every ETF authorized participant (AP)→The most active APs→Most active APs for U.S. stock ETFs→Most active APs for international stock ETFs→Most active APs for sector stock ETFs→Most active APs for bond ETFs→ETF lead market makers (LMMs)→How the AP list is built→The open data file→Fund flows→

Where these figures came from

SEC Form N-CEN data sets, the source of every AP row ↗Form N-CEN, item E.2: each authorized participant and its dollars ↗SEC list of active broker-dealers, the source of each firm’s registered name ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A list of firms is not a rating or a recommendation.

Questions people ask

Is Morgan Stanley Smith Barney an ETF authorized participant (AP)?

Yes. Morgan Stanley Smith Barney LLC is listed as an AP for 4 US ETFs in Form N-CEN periods ending Oct 31, 2025 to Jun 30, 2026, and created or redeemed shares in 4 of them.

Which ETFs does Morgan Stanley Smith Barney create and redeem the most?

By dollars created and redeemed: XOVR, $1.2bn; PJUL, $19.0m; GVAL, $5.3m; GQQQ, $614k.

How much of an ETF’s AP activity does Morgan Stanley Smith Barney handle?

Across the 4 funds it was active in, its share of each fund’s AP dollars ran from 1.0% to 16.6%. It was the only active AP in 0 ETFs.

Where do these figures come from?

Cite this pageCitation, APA and Markdown

ETFIQ, Morgan Stanley Smith Barney LLC as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/morgan-stanley-smith-barney/

Open data →

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.