# Wedbush Securities: ETF Authorized Participant (AP)

> Wedbush Securities Inc. was an authorized participant (AP) for 1,067 US ETFs in Form N-CEN periods ending Sep 30, 2024 to Jun 30, 2026. Facts only.

Data as of Sep 23, 2026. Rebuilt every trading night.

As of Sep 23, 2026 . From each ETF’s latest Form N-CEN.

## Wedbush Securities Inc.

Wedbush Securities Inc. was an authorized participant (AP) for 1,067 US ETFs in Form N-CEN periods ending Sep 30, 2024 to Jun 30, 2026. It created $281m and redeemed $180m of their shares. It was active in 9 of them.

wedbush.com

| # | Ticker | Fund | Category | Created | Redeemed | Created and redeemed | Share of the fund’s AP dollars | Active APs in the fund | Period ending |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | VTEB | Vanguard Tax-Exempt Bond ETF | Bonds | $129m | $130m | $258m | 1.4% | 10 | Oct 31, 2025 |
| 2 | PWZ | Invesco California AMT-Free Municipal Bond ETF | Bonds | $77.5m | $0 | $77.5m | 16.2% | 5 | Aug 31, 2025 |
| 3 | PZA | Invesco National AMT-Free Municipal Bond ETF | Bonds | $20.6m | $33.0m | $53.7m | 2.8% | 5 | Aug 31, 2025 |
| 4 | TFI | State Street SPDR Nuveen ICE Municipal Bond ETF | Bonds | $27.2m | $0 | $27.2m | 1.8% | 10 | Jun 30, 2026 |
| 5 | SHM | State Street SPDR Nuveen ICE Short Term Municipal Bond ETF | Bonds | $14.4m | $0 | $14.4m | 3.8% | 7 | Jun 30, 2026 |
| 6 | HYMB | State Street SPDR Nuveen ICE High Yield Municipal Bond ETF | Bonds | $0 | $9.6m | $9.6m | 1.3% | 10 | Jun 30, 2026 |
| 7 | PZT | Invesco New York AMT-Free Municipal Bond ETF | Bonds | $8.0m | $0 | $8.0m | 50.5% | 3 | Aug 31, 2025 |
| 8 | HYD | VanEck High Yield Muni ETF | Bonds | $0 | $7.5m | $7.5m | 0.6% | 10 | Apr 30, 2026 |
| 9 | VTEC | Vanguard California Tax-Exempt Bond ETF | Bonds | $4.8m | $0 | $4.8m | 0.4% | 8 | Nov 30, 2025 |

### Wedbush Securities by category

The ETFs Wedbush Securities Inc. serves, by the category each is placed in, with what it created and redeemed in each.

| # | Category | Share of its dollars | ETFs served | Active in | Created | Redeemed | Only active AP in |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | U.S. stocks | 0.0% | 266 | 0 | $0 | $0 | 0 |
| 2 | International stocks | 0.0% | 186 | 0 | $0 | $0 | 0 |
| 3 | Sector stocks | 0.0% | 111 | 0 | $0 | $0 | 0 |
| 4 | Bonds | 100.0% | 263 | 9 | $281m | $180m | 0 |
| 5 | Commodities | 0.0% | 7 | 0 | $0 | $0 | 0 |
| 6 | Allocation | 0.0% | 12 | 0 | $0 | $0 | 0 |
| 7 | Buffer | 0.0% | 8 | 0 | $0 | $0 | 0 |
| 8 | Income | 0.0% | 13 | 0 | $0 | $0 | 0 |
| 9 | Themes | 0.0% | 95 | 0 | $0 | $0 | 0 |
| 10 | Leverage | 0.0% | 100 | 0 | $0 | $0 | 0 |
| 11 | Crypto | 0.0% | 2 | 0 | $0 | $0 | 0 |
| 12 | Alternatives | 0.0% | 4 | 0 | $0 | $0 | 0 |

### Questions people ask

Is Wedbush Securities an ETF authorized participant (AP)? Yes. Wedbush Securities Inc. is listed as an AP for 1,067 US ETFs in Form N-CEN periods ending Sep 30, 2024 to Jun 30, 2026, and created or redeemed shares in 9 of them. Which ETFs does Wedbush Securities create and redeem the most? By dollars created and redeemed: VTEB, $258m; PWZ, $77.5m; PZA, $53.7m; TFI, $27.2m; SHM, $14.4m. How much of an ETF’s AP activity does Wedbush Securities handle? Across the 9 funds it was active in, its share of each fund’s AP dollars ran from 0.4% to 50.5%. 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 Wedbush Securities’s CRD, SEC file number and LEI, never by the name as typed.

### Method

Wedbush Securities Inc. is identified by CRD 877, SEC file number 8-12987, LEI 549300CSX55MXZ47EI78. It is on the SEC’s list of active broker-dealers dated Oct 1, 2026 as WEDBUSH SECURITIES INC.. Funds filed its name 5 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. 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.

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### Where these figures came from

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Wedbush Securities Inc. as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/wedbush-securities/
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