Vault-13

INVESCO EXCHANGE TRADED FD T PFM

DIVID ACHIEVEV · ETP · CUSIP 46137V506

128 institutional holders -5 vs Q1 2025
8,087,4538.1m shares reported held*
$389.6mreported value*
8 new 43 added 45 reduced 13 sold out net sold ≈ $7.4m (-154.2k 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 ≈ $48.17. Options: 2 managers hold calls ($7.0m notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 115Q4 22: 122Q1 23: 126Q2 23: 123Q3 23: 125Q4 23: 125Q1 24: 126Q2 24: 119Q3 24: 126Q4 24: 133Q1 25: 133Q2 25: 128128Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022115
Q4 2022122
Q1 2023126
Q2 2023123
Q3 2023125
Q4 2023125
Q1 2024126
Q2 2024119
Q3 2024126
Q4 2024133
Q1 2025133
Q2 2025128

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 55 bought or addedQ3 23: 43 cut or sold outQ4 23: 52 bought or addedQ4 23: 42 cut or sold outQ4 23Q1 24: 50 bought or addedQ1 24: 43 cut or sold outQ2 24: 56 bought or addedQ2 24: 36 cut or sold outQ2 24Q3 24: 57 bought or addedQ3 24: 38 cut or sold outQ4 24: 56 bought or addedQ4 24: 47 cut or sold outQ4 24Q1 25: 65 bought or addedQ1 25: 46 cut or sold outQ2 25: 51 bought or addedQ2 25: 58 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20235543
Q4 20235242
Q1 20245043
Q2 20245636
Q3 20245738
Q4 20245647
Q1 20256546
Q2 20255158

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$25m$50m$75m$100mQ3 24 calls: $26.9mQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $75.2mQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $80.7mQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $7.0mQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$26.9m$00.00
Q4 2024$75.2m$00.00
Q1 2025$80.7m$00.00
Q2 2025$7.0m$00.00

Biggest buyers

LPL Financial LLC Added +302,717+302.7k
ROYAL BANK OF CANADA Added +120,257+120.3k
Rockefeller Capital Management L.P. Added +104,308+104.3k
MORGAN STANLEY Added +51,646+51.6k
JONES FINANCIAL COMPANIES LLLP Added +29,733+29.7k
GOLDMAN SACHS GROUP INC New +26,580+26.6k
TD Waterhouse Canada Inc. Added +25,516+25.5k
Merit Financial Group, LLC Added +20,839+20.8k
Flaharty Asset Management, LLC Added +20,275+20.3k
Private Advisor Group, LLC Added +16,977+17.0k

Biggest sellers

Atria Wealth Solutions, Inc. Reduced -230,018-230.0k
WELLS FARGO & COMPANY/MN Reduced -225,630-225.6k
SteelPeak Wealth, LLC Reduced -135,131-135.1k
Arrow Investment Advisors, LLC Sold out -76,005-76.0k
ENVESTNET ASSET MANAGEMENT INC Reduced -52,471-52.5k
Dorsey Wright & Associates Sold out -48,361-48.4k
Cetera Investment Advisers Reduced -23,813-23.8k
CITADEL ADVISORS LLC Sold out -16,224-16.2k
Atlas Private Wealth Advisors Reduced -12,020-12.0k
VestGen Investment Management Sold out -10,364-10.4k

Biggest calls

SIMPLEX TRADING, LLC Reduced $7.0m45.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,967,2172.0m $94.8m $94.8m 0.03% Added +302.7k +302,717
2 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 846,279846.3k $40.8m $40.8m 0.01% Added +3.6k +3,596
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 721,560721.6k $34.8m $34.8m 0.00% Added +51.6k +51,646
4 Flaharty Asset Management, LLC 3.25% of their portfolio CLEARWATER, FL 492,624492.6k $23.7m $23.7m 3.25% Added +20.3k +20,275
5 Clearstead Advisors, LLC 0.29% of their portfolio CLEVELAND, OH 426,266426.3k $20.5m $20.5m 0.29% Reduced -4.9k -4,861
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 273,553273.6k $13.2m $13.2m 0.00% Reduced -852 -852
7 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 243,424243.4k $11.7m $11.7m 0.00% Added +120.3k +120,257
8 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 210,668210.7k $10.1m $10.1m 0.01% Added +104.3k +104,308
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 203,096203.1k $9.8m $9.8m 0.00% Reduced -225.6k -225,630
10 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 139,855139.9k $6.7m $6.7m 0.01% Added +29.7k +29,733
11 CITIZENS FINANCIAL GROUP INC/RI 0.09% of their portfolio PROVIDENCE, RI 119,377119.4k $5.8m $5.8m 0.09% Reduced -83 -83
12 Wealthspire Retirement, LLC 0.37% of their portfolio ALISO VIEJO, CA 114,808114.8k $5.5m $5.5m 0.37% Reduced -500 -500
13 Focus Financial Network, Inc. 0.22% of their portfolio MINNEAPOLIS, MN 113,378113.4k $5.5m $5.5m 0.22% Added +459 +459
14 CHOREO, LLC 0.07% of their portfolio ROCKFORD, IL 105,410105.4k $5.1m $5.1m 0.07% Reduced -111 -111
15 Atlas Private Wealth Advisors 0.61% of their portfolio RED BANK, NJ 97,91197.9k $4.7m $4.7m 0.61% Reduced -12.0k -12,020
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 95,57795.6k $4.6m $4.6m 0.00% Reduced -6.6k -6,628
17 TD Waterhouse Canada Inc. 0.03% of their portfolio TORONTO, A6 95,08795.1k $4.6m $4.6m 0.03% Added +25.5k +25,516
18 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 85,69885.7k $4.1m $4.1m 0.01% Reduced -4.2k -4,168
19 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 84,93884.9k $4.1m $4.1m 0.01% Reduced -2.3k -2,258
20 CreativeOne Wealth, LLC 0.09% of their portfolio OVERLAND PARK, KS 69,36369.4k $3.3m $3.3m 0.09% Added +5.9k +5,897
21 Mariner, LLC 0.00% of their portfolio Overland Park, KS 67,88967.9k $3.3m $3.3m 0.00% Added +810 +810
22 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 66,06266.1k $3.2m $3.2m 0.01% Added +1.9k +1,943
23 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 54,63554.6k $2.6m $2.6m 0.01% Added +2.7k +2,743
24 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 54,54154.5k $2.6m $2.6m 0.00% Added +2.4k +2,444
25 CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 0.94% of their portfolio Phoenix, AZ 54,29354.3k $2.6m $2.6m 0.94% Reduced -921 -921
26 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 53,84153.8k $2.6m $2.6m 0.00% Reduced -23.8k -23,813
27 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 53,11053.1k $2.6m $2.6m 0.02% Added +1.5k +1,532
28 Everstar Asset Management, LLC 1.56% of their portfolio MOORESVILLE, NC 52,96953.0k $2.6m $2.6m 1.56% Added +1.9k +1,856
29 NESTEGG ADVISORS, INC. 2.38% of their portfolio HAUPPAUGE, NY 51,32551.3k $2.5m $2.5m 2.38% Reduced -739 -739
30 Waverly Advisors, LLC 0.03% of their portfolio BIRMINGHAM, AL 48,14648.1k $2.3m $2.3m 0.03% Reduced -2.1k -2,131
31 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 47,37347.4k $2.3m $2.3m 0.01% Added +17.0k +16,977
32 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 45,40245.4k $2.2m $2.2m 0.02% Added +1.6k +1,592
33 Institute for Wealth Management, LLC. 0.22% of their portfolio DENVER, CO 40,03040.0k $1.9m $1.9m 0.22% Reduced -270 -270
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 39,66539.7k $1.9m $1.9m 0.00% Reduced -1.1k -1,103
35 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 38,30938.3k $1.8m $1.8m 0.01% Reduced -306 -306
36 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 36,30136.3k $1.7m $1.7m 0.00% Reduced -261 -261
37 Merit Financial Group, LLC 0.02% of their portfolio ALPHARETTA, GA 35,77835.8k $1.7m $1.7m 0.02% Added +20.8k +20,839
38 J.W. COLE ADVISORS, INC. 0.04% of their portfolio TAMPA, FL 34,34634.3k $1.7m $1.7m 0.04% Added +201 +201
39 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 32,70032.7k $1.6m $1.6m 0.01% Reduced -5.9k -5,931
40 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 30,30630.3k $1.5m $1.5m 0.00% Added +6.9k +6,895
41 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 26,58026.6k $1.3m $1.3m 0.00% New
42 Strategies Wealth Advisors, LLC 0.12% of their portfolio GRAND RAPIDS, MI 23,45423.5k $1.1m $1.1m 0.12% Added +15 +15
43 Composition Wealth, LLC 0.02% of their portfolio LOS ANGELES, CA 23,06623.1k $1.1m $1.1m 0.02% Reduced -64 -64
44 Fort Point Capital Partners LLC 0.11% of their portfolio San Francisco, CA 22,94622.9k $1.1m $1.1m 0.11% Added +58 +58
45 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 21,30021.3k $1.0m $1.0m 0.00% Added +345 +345
46 CFS Investment Advisory Services, LLC 0.08% of their portfolio TOTOWA, NJ 20,40320.4k $983.0k $983.0k 0.08% Added +1.9k +1,918
47 Hilton Capital Management, LLC 0.08% of their portfolio Garden City, NY 20,05620.1k $966.1k $966.1k 0.08% Unchanged
48 INDEPENDENT FINANCIAL GROUP, LLC 0.03% of their portfolio SAN DIEGO, CA 19,70619.7k $949.2k $949.2k 0.03% Reduced -733 -733
49 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 19,19119.2k $924.4k $924.4k 0.00% Reduced -491 -491
50 FLAGSHIP HARBOR ADVISORS, LLC 0.04% of their portfolio BOSTON, MA 17,75517.8k $855.2k $855.2k 0.04% Added +537 +537
51 SteelPeak Wealth, LLC 0.03% of their portfolio WOODLAND HILLS, CA 17,28317.3k $832.5k $832.5k 0.03% Reduced -135.1k -135,131
52 Truvestments Capital LLC 0.16% of their portfolio SARASOTA, FL 16,76516.8k $807.6k $807.6k 0.16% Added +29 +29
53 FMR LLC 0.00% of their portfolio BOSTON, MA 16,10616.1k $775.8k $775.8k 0.00% Added +491 +491
54 Koshinski Asset Management, Inc. 0.05% of their portfolio DECATUR, IL 14,17014.2k $682.6k $682.6k 0.05% Unchanged
55 Bond & Devick Financial Network, Inc. 0.22% of their portfolio ST. LOUIS PARK, MN 13,56113.6k $653.2k $653.2k 0.22% Unchanged
56 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 12,91512.9k $622.1k $622.1k 0.00% Unchanged
57 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 12,37312.4k $599.1k $599.1k 0.01% Added +597 +597
58 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 12,08312.1k $582.0k $582.0k 0.00% Reduced -108 -108
59 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 11,88811.9k $572.7k $572.7k 0.01% Reduced -10.0k -10,023
60 Florida Trust Wealth Management Co 0.02% of their portfolio SANIBEL, FL 10,85010.8k $522.6k $522.6k 0.02% Reduced -1.7k -1,708
61 WBH ADVISORY INC 0.04% of their portfolio BALTIMORE, MD 10,46110.5k $503.9k $503.9k 0.04% Reduced -759 -759
62 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 10,41710.4k $501.8k $501.8k 0.00% Reduced -3.6k -3,574
63 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,14710.1k $496.3k $496.3k 0.00% Added +1.5k +1,501
64 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 9,7939.8k $471.7k $471.7k 0.00% Reduced -52.5k -52,471
65 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 9,4419.4k $454.8k $454.8k 0.00% Reduced -10.1k -10,068
66 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 9,4049.4k $453.0k $453.0k 0.00% Added +159 +159
67 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 9,0409.0k $435.5k $435.5k 0.00% Unchanged
68 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 8,8388.8k $425.7k $425.7k 0.00% Unchanged
69 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 8,7548.8k $421.7k $421.7k 0.01% Added +1.1k +1,052
70 CW Advisors, LLC 0.00% of their portfolio BOSTON, MA 8,6018.6k $414.3k $414.3k 0.00% Added +13 +13
71 IBEX WEALTH ADVISORS 0.04% of their portfolio BEDMINSTER, NJ 8,4618.5k $407.6k $407.6k 0.04% New
72 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 8,1488.1k $393.0k $393.0k 0.00% Added +19 +19
73 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 8,1018.1k $390.2k $390.2k 0.00% Reduced -246 -246
74 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 7,6317.6k $367.6k $367.6k 0.00% Reduced -1.4k -1,440
75 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 7,3277.3k $352.9k $352.9k 0.00% Added +18 +18
76 Good Life Advisors, LLC 0.02% of their portfolio READING, PA 7,2347.2k $348.5k $348.5k 0.02% Added +905 +905
77 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 6,6466.6k $320.1k $320.1k 0.00% Reduced -281 -281
78 PMG Wealth Management, Inc. 0.26% of their portfolio Hawthorn Woods, IL 6,4856.5k $312.4k $312.4k 0.26% Reduced -200 -200
79 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 6,4006.4k $308.3k $308.3k 0.00% Unchanged
80 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 6,3796.4k $307.3k $307.3k 0.00% Reduced -1.3k -1,331
81 Caldwell Trust Co 0.03% of their portfolio Venice, FL 6,1486.1k $296.1k $296.1k 0.03% Unchanged
82 PRIVATE TRUST CO NA 0.03% of their portfolio CLEVELAND, OH 6,0196.0k $289.9k $289.9k 0.03% Reduced -423 -423
83 CARRET ASSET MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 6,0006.0k $289.0k $289.0k 0.03% Unchanged
84 Rodgers & Associates, LTD 0.03% of their portfolio Lancaster, PA 5,8945.9k $283.9k $283.9k 0.03% Unchanged
85 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 5,5945.6k $269.5k $269.5k 0.01% Reduced -230.0k -230,018
86 Northwest Financial Advisors 0.37% of their portfolio HERNDON, VA 5,4715.5k $263.5k $263.5k 0.37% Unchanged
87 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 5,4545.5k $262.7k $262.7k 0.00% New
88 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 5,1865.2k $249.8k $249.8k 0.00% Reduced -5 -5
89 Financial Guidance Group, Inc. 0.12% of their portfolio Palm Harbor, FL 5,1205.1k $246.6k $246.6k 0.12% Unchanged
90 XML Financial, LLC 0.02% of their portfolio BETHESDA, MD 5,0565.1k $243.6k $243.6k 0.02% Reduced -278 -278
91 Connecticut Wealth Management, LLC 0.01% of their portfolio FARMINGTON, CT 5,0005.0k $240.8k $240.8k 0.01% Reduced -3.0k -3,025
92 Essex Financial Services, Inc. 0.02% of their portfolio ESSEX, CT 4,9004.9k $236.0k $236.0k 0.02% Unchanged
93 Sovran Advisors, LLC 0.02% of their portfolio SAN DIEGO, CA 4,7494.7k $230.6k $230.6k 0.02% New
94 Revisor Wealth Management LLC 0.08% of their portfolio AKRON, OH 4,6644.7k $227.6k $227.6k 0.08% Unchanged
95 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 4,6464.6k $223.8k $223.8k 0.00% Reduced -508 -508
96 Modera Wealth Management, LLC 0.00% of their portfolio WESTWOOD, NJ 4,4954.5k $216.5k $216.5k 0.00% Unchanged
97 Haverford Trust Co 0.00% of their portfolio Radnor, PA 4,1704.2k $200.9k $200.9k 0.00% New
98 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3,9914.0k $192.2k $192.2k 0.00% Unchanged
99 Briaud Financial Planning Inc 0.07% of their portfolio COLLEGE STATION, TX 3,8903.9k $187.0k $187.0k 0.07% New
100 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,9773.0k $143.4k $143.4k 0.00% Unchanged