Vault-13

INVESCO EXCH TRADED FD TR II XSHD

S&P SMLCAP HIG · ETP · CUSIP 46138E131

32 institutional holders -2 vs Q1 2025
885,263885.3k shares reported held*
$11.9mreported value*
3 new 9 added 10 reduced 6 sold out net bought ≈ $2.1m (+156.9k 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 ≈ $13.46. Options: 0 managers hold calls (— notional), 1 hold puts ($207.3k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 16Q4 22: 16Q1 23: 18Q2 23: 14Q3 23: 15Q4 23: 13Q1 24: 20Q2 24: 20Q3 24: 22Q4 24: 28Q1 25: 34Q2 25: 3232Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202216
Q4 202216
Q1 202318
Q2 202314
Q3 202315
Q4 202313
Q1 202420
Q2 202420
Q3 202422
Q4 202428
Q1 202534
Q2 202532

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 5 bought or addedQ3 23: 4 cut or sold outQ4 23: 7 bought or addedQ4 23: 6 cut or sold outQ4 23Q1 24: 11 bought or addedQ1 24: 5 cut or sold outQ2 24: 7 bought or addedQ2 24: 8 cut or sold outQ2 24Q3 24: 13 bought or addedQ3 24: 8 cut or sold outQ4 24: 16 bought or addedQ4 24: 8 cut or sold outQ4 24Q1 25: 21 bought or addedQ1 25: 9 cut or sold outQ2 25: 12 bought or addedQ2 25: 16 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202354
Q4 202376
Q1 2024115
Q2 202478
Q3 2024138
Q4 2024168
Q1 2025219
Q2 20251216

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $207.3kQ2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$0$207.3k—

Biggest buyers

Heartwood Wealth Advisors LLC New +121,757+121.8k
Concord Wealth Partners Added +40,666+40.7k
Concord Asset Management, LLC/VA Added +36,004+36.0k
Tower Research Capital LLC (TRC) Added +17,542+17.5k
LPL Financial LLC Added +10,818+10.8k
Ameritas Advisory Services, LLC New +1,600+1.6k
RAYMOND JAMES FINANCIAL INC New +599+599
Eagle Bluffs Wealth Management LLC Added +215+215
IHT Wealth Management, LLC Added +148+148
Ashton Thomas Private Wealth, LLC Added +102+102

Biggest sellers

TWO SIGMA INVESTMENTS, LP Reduced -34,500-34.5k
MONEY CONCEPTS CAPITAL CORP Sold out -10,694-10.7k
Cambridge Investment Research Advisors, Inc. Sold out -10,309-10.3k
Cetera Investment Advisers Reduced -5,445-5.4k
Elite Financial, Inc. Reduced -3,500-3.5k
JANE STREET GROUP, LLC Reduced -3,461-3.5k
Farther Finance Advisors, LLC Reduced -2,218-2.2k
UBS Group AG Sold out -1,376-1.4k
OSAIC HOLDINGS, INC. Reduced -511-511
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Sold out -250-250

Biggest calls

None

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $207.3k15.4k shares

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 0.00% of their portfolio FORT MILL, SC 155,758155.8k $2.1m $2.1m 0.00% Added +10.8k +10,818
2 Concord Wealth Partners 0.27% of their portfolio ABINGDON, VA 137,934137.9k $1.9m $1.9m 0.27% Added +40.7k +40,666
3 Concord Asset Management, LLC/VA 0.28% of their portfolio ABINGDON, VA 137,934137.9k $1.9m $1.9m 0.28% Added +36.0k +36,004
4 Heartwood Wealth Advisors LLC 0.17% of their portfolio RICHMOND, VA 121,757121.8k $1.6m $1.6m 0.17% New
5 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 79,60179.6k $1.1m $1.1m 0.00% Reduced -5.4k -5,445
6 Investors Research Corp 0.12% of their portfolio ATLANTA, GA 44,27644.3k $596.1k $596.1k 0.12% Reduced -132 -132
7 Capital Investment Advisory Services, LLC 0.03% of their portfolio RALEIGH, NC 30,62530.6k $412.3k $412.3k 0.03% Unchanged
8 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 28,86328.9k $388.6k $388.6k 0.01% Reduced -63 -63
9 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 21,26121.3k $286.3k $286.3k 0.01% Added +148 +148
10 Elite Financial, Inc. 0.13% of their portfolio LEWISTON, ID 20,25020.2k $265.0k $265.0k 0.13% Reduced -3.5k -3,500
11 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 18,01718.0k $242.6k $242.6k 0.01% Added +17.5k +17,542
12 Ashton Thomas Private Wealth, LLC 0.01% of their portfolio SCOTTSDALE, AZ 16,82816.8k $226.6k $226.6k 0.01% Added +102 +102
13 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 15,41015.4k $207.5k $207.5k 0.00% Reduced -34.5k -34,500
14 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 13,00813.0k $175.1k $175.1k 0.00% Reduced -3.5k -3,461
15 Eagle Bluffs Wealth Management LLC 0.07% of their portfolio COLUMBIA, MO 10,48510.5k $141.2k $141.2k 0.07% Added +215 +215
16 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 8,9208.9k $120.1k $120.1k 0.00% First filing
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,6428.6k $116.4k $116.4k 0.00% Reduced -16 -16
18 TSFG, LLC 0.01% of their portfolio LAKE FOREST, IL 4,0004.0k $54.0k $54.0k 0.01% Unchanged
19 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,9693.0k $40.0k $40.0k 0.00% Reduced -2.2k -2,218
20 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 1,6001.6k $21.5k $21.5k 0.00% New
21 CONSULTIVA WEALTH MANAGEMENT, CORP. 0.06% of their portfolio SAN JUAN, PR 1,5451.5k $20.8k $20.8k 0.06% Unchanged
22 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,3511.4k $18.2k $18.2k 0.00% Unchanged
23 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,2741.3k $17.1k $17.1k 0.00% Reduced -511 -511
24 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 779779 $10.5k $10.5k 0.00% Unchanged
25 MOTCO 0.00% of their portfolio SAN ANTONIO, TX 650650 $8.5k $8.5k 0.00% Unchanged
26 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 599599 $8.1k $8.1k 0.00% New
27 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 398398 $5.4k $5.4k 0.00% Unchanged
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 366366 $4.9k $4.9k 0.00% Reduced -1 -1
29 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 150150 $2.0k $2.0k 0.00% Unchanged
30 FMR LLC 0.00% of their portfolio BOSTON, MA 1111 $148 $148 0.00% Added +10 +10
31 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 22 $24 $24 0.00% Added +1 +1
32 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged