Vault-13

INVESCO EXCH TRADED FD TR II PWZ

CALIF AMT MUN · ETP · CUSIP 46138E206

113 institutional holders -8 vs Q1 2025
23,707,97123.7m shares reported held*
$553.3mreported value*
9 new 36 added 38 reduced 19 sold out net bought ≈ $91.5m (+3.9m 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 ≈ $23.34. Options: 2 managers hold calls ($1.0m notional), 1 hold puts ($434.1k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 70Q4 22: 69Q1 23: 70Q2 23: 69Q3 23: 78Q4 23: 90Q1 24: 87Q2 24: 97Q3 24: 99Q4 24: 112Q1 25: 121Q2 25: 113113Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202270
Q4 202269
Q1 202370
Q2 202369
Q3 202378
Q4 202390
Q1 202487
Q2 202497
Q3 202499
Q4 2024112
Q1 2025121
Q2 2025113

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 47 bought or addedQ3 23: 23 cut or sold outQ4 23: 45 bought or addedQ4 23: 33 cut or sold outQ4 23Q1 24: 46 bought or addedQ1 24: 34 cut or sold outQ2 24: 45 bought or addedQ2 24: 33 cut or sold outQ2 24Q3 24: 47 bought or addedQ3 24: 38 cut or sold outQ4 24: 61 bought or addedQ4 24: 26 cut or sold outQ4 24Q1 25: 54 bought or addedQ1 25: 47 cut or sold outQ2 25: 45 bought or addedQ2 25: 57 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234723
Q4 20234533
Q1 20244634
Q2 20244533
Q3 20244738
Q4 20246126
Q1 20255447
Q2 20254557

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $536.0kQ4 24 puts: $328.5kQ4 24P/C 0.61Q1 25 calls: $307.7kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $1.0mQ2 25 puts: $434.1kQ2 25P/C 0.42
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$536.0k$328.5k0.61
Q1 2025$307.7k$00.00
Q2 2025$1.0m$434.1k0.42

Biggest buyers

Wealthfront Advisers LLC Added +5,024,737+5.0m
SYON CAPITAL LLC Added +303,478+303.5k
Pure Financial Advisors, LLC Added +243,949+243.9k
ENVESTNET ASSET MANAGEMENT INC Added +239,883+239.9k
MERCER GLOBAL ADVISORS INC /ADV Added +227,707+227.7k
JANE STREET GROUP, LLC Added +220,948+220.9k
GUGGENHEIM CAPITAL LLC Added +113,043+113.0k
Composition Wealth, LLC Added +48,895+48.9k
OSAIC HOLDINGS, INC. Added +48,124+48.1k
Stratos Wealth Partners, LTD. Added +37,325+37.3k

Biggest sellers

Atlas Legacy Advisors, LLC Reduced -427,325-427.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -333,069-333.1k
AMERIPRISE FINANCIAL INC Reduced -321,513-321.5k
JPMORGAN CHASE & CO Reduced -234,732-234.7k
FIRST FOUNDATION ADVISORS Reduced -162,207-162.2k
BANK OF AMERICA CORP /DE/ Reduced -160,338-160.3k
Affinity Capital Advisors, LLC Reduced -136,637-136.6k
FMR LLC Reduced -134,850-134.8k
WELLS FARGO & COMPANY/MN Reduced -103,035-103.0k
Gerber Kawasaki Wealth & Investment Management Reduced -92,963-93.0k

Biggest calls

CITADEL ADVISORS LLC Added $1.0m44.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC New $434.1k18.6k 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 Wealthfront Advisers LLC 0.31% of their portfolio Palo Alto, CA 5,171,8965.2m $120.7m $120.7m 0.31% Added +5.0m +5,024,737
2 Composition Wealth, LLC 1.01% of their portfolio LOS ANGELES, CA 2,569,6512.6m $60.0m $60.0m 1.01% Added +48.9k +48,895
3 Stratos Wealth Partners, LTD. 0.58% of their portfolio BEACHWOOD, OH 1,830,3671.8m $42.7m $42.7m 0.58% Added +37.3k +37,325
4 MERCER GLOBAL ADVISORS INC /ADV 0.09% of their portfolio DENVER, CO 1,667,0551.7m $38.9m $38.9m 0.09% Added +227.7k +227,707
5 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,666,4481.7m $38.9m $38.9m 0.01% Added +239.9k +239,883
6 SYON CAPITAL LLC 2.09% of their portfolio SAN FRANCISCO, CA 1,351,6181.4m $31.5m $31.5m 2.09% Added +303.5k +303,478
7 Gerber Kawasaki Wealth & Investment Management 1.10% of their portfolio SANTA MONICA, CA 1,219,8961.2m $28.5m $28.5m 1.10% Reduced -93.0k -92,963
8 FIRST FOUNDATION ADVISORS 0.82% of their portfolio Irvine, CA 952,878952.9k $22.2m $22.2m 0.82% Reduced -162.2k -162,207
9 EP Wealth Advisors, LLC 0.13% of their portfolio TORRANCE, CA 834,086834.1k $19.5m $19.5m 0.13% Reduced -33.3k -33,310
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 698,813698.8k $16.3m $16.3m 0.00% Reduced -160.3k -160,338
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 616,353616.4k $14.4m $14.4m 0.00% Reduced -23.5k -23,468
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 582,260582.3k $13.6m $13.6m 0.00% Added +4.2k +4,185
13 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 489,526489.5k $11.4m $11.4m 0.02% Added +220.9k +220,948
14 Pure Financial Advisors, LLC 0.13% of their portfolio SAN DIEGO, CA 304,528304.5k $7.1m $7.1m 0.13% Added +243.9k +243,949
15 GUGGENHEIM CAPITAL LLC 0.05% of their portfolio CHICAGO, IL 282,428282.4k $6.6m $6.6m 0.05% Added +113.0k +113,043
16 FIRST AMERICAN TRUST, FSB 0.49% of their portfolio SANTA ANA, CA 262,226262.2k $6.1m $6.1m 0.49% Reduced -62.5k -62,521
17 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 223,209223.2k $5.2m $5.2m 0.00% Reduced -103.0k -103,035
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 165,571165.6k $3.9m $3.9m 0.00% Reduced -234.7k -234,732
19 Mariner, LLC 0.01% of their portfolio Overland Park, KS 151,990152.0k $3.5m $3.5m 0.01% Added +22.7k +22,728
20 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 134,636134.6k $3.1m $3.1m 0.02% Reduced -51.5k -51,454
21 SteelPeak Wealth, LLC 0.11% of their portfolio WOODLAND HILLS, CA 120,397120.4k $2.8m $2.8m 0.11% Added +7.7k +7,708
22 KEYBANK NATIONAL ASSOCIATION/OH 0.01% of their portfolio BROOKLYN, OH 117,570117.6k $2.7m $2.7m 0.01% Added +5.3k +5,331
23 UBS Group AG 0.00% of their portfolio ZURICH, V8 102,562102.6k $2.4m $2.4m 0.00% Added +12.4k +12,402
24 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 91,80991.8k $2.1m $2.1m 0.00% Added +37.1k +37,069
25 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 86,56286.6k $2.0m $2.0m 0.02% Reduced -6.2k -6,158
26 McNaughton Wealth Management, LLC 0.88% of their portfolio SAN DIEGO, CA 84,57684.6k $2.0m $2.0m 0.88% Added +17.6k +17,634
27 Impact Investors, Inc 1.34% of their portfolio SAN FRANCISCO, CA 81,43181.4k $1.9m $1.9m 1.34% Reduced -7.6k -7,642
28 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 75,44575.4k $1.8m $1.8m 0.00% Reduced -321.5k -321,513
29 FMR LLC 0.00% of their portfolio BOSTON, MA 69,95170.0k $1.6m $1.6m 0.00% Reduced -134.8k -134,850
30 Compound Planning, Inc. 0.06% of their portfolio NEW YORK, NY 64,64664.6k $1.5m $1.5m 0.06% Added +20.9k +20,895
31 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 63,15963.2k $1.5m $1.5m 0.00% Added +1.2k +1,169
32 LODESTAR PRIVATE ASSET MANAGEMENT LLC 0.17% of their portfolio ALAMO, CA 62,80162.8k $1.5m $1.5m 0.17% Reduced -17.0k -17,044
33 SimpliFi, Inc. 0.64% of their portfolio SAN DIEGO, CA 62,43162.4k $1.5m $1.5m 0.64% Added +3.0k +2,982
34 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 60,69860.7k $1.4m $1.4m 0.00% Added +48.1k +48,124
35 Affinity Capital Advisors, LLC 0.21% of their portfolio BERKELEY, CA 53,17053.2k $1.2m $1.2m 0.21% Reduced -136.6k -136,637
36 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 51,65251.7k $1.2m $1.2m 0.00% Reduced -14.7k -14,692
37 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 47,37847.4k $1.1m $1.1m 0.00% Reduced -4.9k -4,869
38 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 45,58045.6k $1.1m $1.1m 0.01% Reduced -69.8k -69,804
39 Prospera Financial Services Inc 0.02% of their portfolio Dallas, TX 43,21343.2k $1.0m $1.0m 0.02% Reduced -1.8k -1,762
40 Greykasell Wealth Strategies, Inc. 0.48% of their portfolio DANVILLE, CA 43,10843.1k $1.0m $1.0m 0.48% Added +423 +423
41 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 42,33842.3k $985.2k $985.2k 0.00% Added +28.8k +28,780
42 Hennion & Walsh Asset Management, Inc. 0.04% of their portfolio Parsippany, NJ 40,80340.8k $952.3k $952.3k 0.04% Added +7.2k +7,243
43 Williams & Novak, LLC 0.79% of their portfolio WESTLAKE VILLAGE, CA 39,80039.8k $928.9k $928.9k 0.79% Added +2.1k +2,100
44 FOCUS Wealth Advisors, LLC 0.48% of their portfolio HOUSTON, TX 39,40439.4k $919.7k $919.7k 0.48% Added +2.1k +2,135
45 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 38,59438.6k $900.8k $900.8k 0.01% Added +2.3k +2,275
46 Nautilus Advisors LLC 0.64% of their portfolio La Jolla, CA 37,52037.5k $875.7k $875.7k 0.64% Unchanged
47 Destination Wealth Management 0.02% of their portfolio Walnut Creek, CA 35,25635.3k $822.9k $822.9k 0.02% Unchanged
48 MATTERN CAPITAL MANAGEMENT, LLC 0.08% of their portfolio LAKEWOOD, CO 29,34029.3k $684.8k $684.8k 0.08% Added +1.2k +1,199
49 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 28,14428.1k $656.9k $656.9k 0.00% New
50 Crossmark Global Holdings, Inc. 0.01% of their portfolio HOUSTON, TX 26,44826.4k $616.5k $616.5k 0.01% Reduced -908 -908
51 DIMENSION CAPITAL MANAGEMENT LLC 0.10% of their portfolio Coral Gables, FL 26,23226.2k $612.3k $612.3k 0.10% Unchanged
52 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 26,00026.0k $606.8k $606.8k 0.00% Unchanged
53 Elmwood Wealth Management, Inc. 0.23% of their portfolio BERKELEY, CA 25,07525.1k $585.3k $585.3k 0.23% Added +650 +650
54 Omega Financial Group, LLC 0.21% of their portfolio Santa Barbara, CA 25,04425.0k $584.5k $584.5k 0.21% Added +139 +139
55 JOURNEY STRATEGIC WEALTH LLC 0.02% of their portfolio SUMMIT, NJ 24,27524.3k $566.6k $566.6k 0.02% Reduced -51.0k -50,960
56 WealthPlan Investment Management, LLC 0.04% of their portfolio OMAHA, NE 23,99624.0k $560.1k $560.1k 0.04% New
57 Robertson Stephens Wealth Management, LLC 0.02% of their portfolio San Francisco, CA 23,84823.8k $556.6k $556.6k 0.02% Unchanged
58 NWF Advisory Services Inc. 0.06% of their portfolio Los Angeles, CA 23,15123.2k $540.3k $540.3k 0.06% Unchanged
59 C M BIDWELL & ASSOCIATES LTD 0.27% of their portfolio HONOLULU, HI 22,13222.1k $516.6k $516.6k 0.27% Unchanged
60 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 20,85120.9k $486.7k $486.7k 0.00% Reduced -10.6k -10,627
61 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 20,56820.6k $480.1k $480.1k 0.00% Added +1.0k +1,035
62 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 20,35620.4k $476.0k $476.0k 0.00% Added +1.6k +1,646
63 SWEENEY & MICHEL, LLC 0.16% of their portfolio CHICO, CA 20,00020.0k $463.8k $463.8k 0.16% Reduced -2.0k -2,000
64 BCS Private Wealth Management, Inc. 0.18% of their portfolio RUMSON, NJ 20,00020.0k $467.0k $467.0k 0.18% First filing
65 Warren Street Wealth Advisors, LLC 0.15% of their portfolio IRVINE, CA 19,90719.9k $464.6k $464.6k 0.15% Reduced -665 -665
66 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 18,35918.4k $428.5k $428.5k 0.00% Reduced -4.7k -4,684
67 Shared Vision Wealth Group LLC 0.21% of their portfolio CARLSBAD, X1 18,30918.3k $419.3k $419.3k 0.21% New
68 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 17,90317.9k $417.9k $417.9k 0.00% Reduced -7.4k -7,429
69 Atlas Legacy Advisors, LLC 0.09% of their portfolio LOS ANGELES, CA 17,66317.7k $412.3k $412.3k 0.09% Reduced -427.3k -427,325
70 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 17,41617.4k $406.5k $406.5k 0.00% Reduced -5.4k -5,446
71 Certus Wealth Management, LLC 0.26% of their portfolio SAN CARLOS, CA 17,30917.3k $404.0k $404.0k 0.26% New
72 Climber Capital SA 0.24% of their portfolio NYON, V8 16,39516.4k $380.6k $380.6k 0.24% Unchanged
73 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 16,33216.3k $381.2k $381.2k 0.00% Reduced -285 -285
74 Avantax Planning Partners, Inc. 0.01% of their portfolio DUBUQUE, IA 15,29615.3k $357.0k $357.0k 0.01% Reduced -9.9k -9,852
75 WADDELL & ASSOCIATES, LLC 0.04% of their portfolio MEMPHIS, TN 14,12514.1k $329.7k $329.7k 0.04% Unchanged
76 Global Retirement Partners, LLC 0.01% of their portfolio San Rafael, CA 12,54512.5k $292.8k $292.8k 0.01% First filing
77 TME FINANCIAL, INC. 0.23% of their portfolio Huntington Beach, CA 12,37512.4k $288.8k $288.8k 0.23% Reduced -6.9k -6,892
78 GAMMA Investing LLC 0.02% of their portfolio FOSTER CITY, CA 12,12912.1k $283.1k $283.1k 0.02% Reduced -7.6k -7,583
79 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 11,40511.4k $265.9k $265.9k 0.00% New
80 WCG Wealth Advisors LLC 0.02% of their portfolio LAS VEGAS, NV 11,20411.2k $261.5k $261.5k 0.02% New
81 Parkshore Wealth Management, Inc. 0.13% of their portfolio Granite Bay, CA 11,17011.2k $260.7k $260.7k 0.13% Reduced -9.4k -9,358
82 CLIFFORD SWAN INVESTMENT COUNSEL LLC 0.01% of their portfolio PASADENA, CA 10,30010.3k $240.4k $240.4k 0.01% Unchanged
83 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 10,25010.2k $239.2k $239.2k 0.00% Reduced -157 -157
84 Root Financial Partners, LLC 0.02% of their portfolio ENCINITAS, CA 10,24010.2k $239.0k $239.0k 0.02% New
85 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 10,16410.2k $237.2k $237.2k 0.00% Reduced -333.1k -333,069
86 TWIN PEAKS WEALTH ADVISORS, LLC 0.08% of their portfolio SAN FRANCISCO, CA 10,10610.1k $233.7k $233.7k 0.08% Unchanged
87 Rossby Financial, LCC 0.09% of their portfolio MELBOURNE, FL 10,00010.0k $233.4k $233.4k 0.09% Unchanged
88 Southland Equity Partners LLC 0.05% of their portfolio WILDWOOD, MO 9,9509.9k $232.2k $232.2k 0.05% Unchanged
89 FORONJY FINANCIAL LLC 0.11% of their portfolio Los Osos, CA 9,8519.9k $229.9k $229.9k 0.11% First filing
90 Laurel Wealth Planning LLC 0.13% of their portfolio EDINA, MN 9,7499.7k $227.5k $227.5k 0.13% Reduced -539 -539
91 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 9,7299.7k $227.1k $227.1k 0.00% New
92 Dynamic Wealth Strategies, LLC 0.16% of their portfolio GRANITE BAY, CA 9,7179.7k $226.8k $226.8k 0.16% Reduced -24.6k -24,552
93 HILL ISLAND FINANCIAL LLC 0.06% of their portfolio GRAND RAPIDS, MI 8,8588.9k $206.7k $206.7k 0.06% Added +26 +26
94 COMERICA BANK 0.00% of their portfolio DALLAS, TX 8,3958.4k $195.9k $195.9k 0.00% Unchanged
95 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 8,1008.1k $189.1k $189.1k 0.00% Unchanged
96 Main Management LLC 0.01% of their portfolio SAN FRANCISCO, CA 4,7054.7k $110.0k $110.0k 0.01% Reduced -40 -40
97 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 3,7473.7k $87.5k $87.5k 0.00% Added +2.3k +2,317
98 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 3,2413.2k $75.6k $75.6k 0.00% Added +15 +15
99 ELEVATION WEALTH PARTNERS, LLC 0.03% of their portfolio WALNUT CREEK, CA 3,0183.0k $70.4k $70.4k 0.03% Added +26 +26
100 CREATIVE FINANCIAL DESIGNS INC /ADV 0.01% of their portfolio KOKOMO, IN 3,0003.0k $70.0k $70.0k 0.01% Unchanged