Vault-13

INVESCO EXCH TRADED FD TR II PGX

PFD ETF · ETP · CUSIP 46138E511

432 institutional holders -21 vs Q1 2025
177,180,374177.2m shares reported held*
$2.0bnreported value*
38 new 116 added 180 reduced 60 sold out net sold ≈ $136.0m (-12.1m 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 ($240.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.28. Options: 1 managers hold calls ($347.3k notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 478Q4 22: 498Q1 23: 473Q2 23: 481Q3 23: 480Q4 23: 496Q1 24: 492Q2 24: 470Q3 24: 469Q4 24: 478Q1 25: 453Q2 25: 432432Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022478
Q4 2022498
Q1 2023473
Q2 2023481
Q3 2023480
Q4 2023496
Q1 2024492
Q2 2024470
Q3 2024469
Q4 2024478
Q1 2025453
Q2 2025432

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 201 bought or addedQ3 23: 216 cut or sold outQ4 23: 170 bought or addedQ4 23: 263 cut or sold outQ4 23Q1 24: 199 bought or addedQ1 24: 231 cut or sold outQ2 24: 166 bought or addedQ2 24: 243 cut or sold outQ2 24Q3 24: 191 bought or addedQ3 24: 213 cut or sold outQ4 24: 183 bought or addedQ4 24: 217 cut or sold outQ4 24Q1 25: 167 bought or addedQ1 25: 233 cut or sold outQ2 25: 154 bought or addedQ2 25: 240 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023201216
Q4 2023170263
Q1 2024199231
Q2 2024166243
Q3 2024191213
Q4 2024183217
Q1 2025167233
Q2 2025154240

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ3 24 calls: $444.6kQ3 24 puts: $1.2kQ3 24P/C 0.00Q4 24 calls: $633.0kQ4 24 puts: $201.8kQ4 24P/C 0.32Q1 25 calls: $444.3kQ1 25 puts: $479.1kQ1 25P/C 1.08Q2 25 calls: $347.3kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$444.6k$1.2k0.00
Q4 2024$633.0k$201.8k0.32
Q1 2025$444.3k$479.1k1.08
Q2 2025$347.3k$00.00

Biggest buyers

ROYAL BANK OF CANADA Added +2,550,137+2.6m
RENAISSANCE TECHNOLOGIES LLC New +1,519,823+1.5m
Spectrum Asset Management, Inc. Added +1,033,904+1.0m
CARY STREET PARTNERS FINANCIAL LLC Added +911,001+911.0k
Centiva Capital, LP New +900,000+900.0k
Migdal Insurance & Financial Holdings Ltd. Added +850,000+850.0k
JPMORGAN CHASE & CO Added +728,924+728.9k
EXCHANGE TRADED CONCEPTS, LLC New +446,029+446.0k
BLUEFIN CAPITAL MANAGEMENT, LLC Added +380,281+380.3k
Private Advisor Group, LLC Added +272,547+272.5k

Biggest sellers

LPL Financial LLC Reduced -8,332,023-8.3m
FIRST TRUST ADVISORS LP Reduced -3,872,014-3.9m
BANK OF AMERICA CORP /DE/ Reduced -2,005,257-2.0m
MORGAN STANLEY Reduced -945,389-945.4k
GOLDMAN SACHS GROUP INC Reduced -785,871-785.9k
Live Oak Investment Partners Sold out -675,578-675.6k
Garrett Wealth Advisory Group, LLC Sold out -534,289-534.3k
COHEN & STEERS, INC. Reduced -458,937-458.9k
JANE STREET GROUP, LLC Sold out -420,120-420.1k
Geneos Wealth Management Inc. Reduced -403,404-403.4k

Biggest calls

CITADEL ADVISORS LLC Reduced $347.3k31.2k 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 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 64,640,08864.6m $719.4m $719.4m 0.06% Reduced -2.0m -2,005,257
2 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 15,587,39915.6m $173.5m $173.5m 0.04% Reduced -158.0k -158,011
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 7,751,9937.8m $86.3m $86.3m 0.01% Reduced -945.4k -945,389
4 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 6,861,0346.9m $76.4m $76.4m 0.03% Reduced -8.3m -8,332,023
5 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 6,179,2646.2m $68.8m $68.8m 0.01% Added +2.6m +2,550,137
6 UBS Group AG 0.01% of their portfolio ZURICH, V8 5,212,6785.2m $58.0m $58.0m 0.01% Reduced -313.4k -313,373
7 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 4,898,2084.9m $54.4m $54.4m 0.01% Reduced -192.2k -192,247
8 Spectrum Asset Management, Inc. 79.31% of their portfolio STAMFORD, CT 4,669,4954.7m $52.0m $52.0m 79.31% Added +1.0m +1,033,904
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,139,0504.1m $46.1m $46.1m 0.00% Added +728.9k +728,924
10 BESSEMER GROUP INC 0.06% of their portfolio WOODBRIDGE, NJ 3,483,5133.5m $38.8m $38.8m 0.06% Added +1.3k +1,298
11 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 3,379,5393.4m $37.6m $37.6m 0.03% Reduced -3.9m -3,872,014
12 Allworth Financial LP 0.15% of their portfolio FOLSOM, CA 2,848,5882.8m $31.7m $31.7m 0.15% Added +221.1k +221,139
13 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 2,706,9982.7m $30.1m $30.1m 0.01% Reduced -62.9k -62,859
14 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 1,751,7641.8m $19.5m $19.5m 0.03% Added +65.9k +65,918
15 Migdal Insurance & Financial Holdings Ltd. 0.11% of their portfolio Petach Tikva, L3 1,700,0001.7m $18.9m $18.9m 0.11% Added +850.0k +850,000
16 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 1,519,8231.5m $16.9m $16.9m 0.02% New
17 Checchi Capital Advisers, LLC 1.13% of their portfolio BEVERLY HILLS, CA 1,457,0541.5m $16.2m $16.2m 1.13% Added +63.4k +63,366
18 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 1,400,8511.4m $15.6m $15.6m 0.02% Reduced -20.9k -20,873
19 HUNTINGTON NATIONAL BANK 0.10% of their portfolio COLUMBUS, OH 1,338,8131.3m $14.9m $14.9m 0.10% Reduced -85.1k -85,118
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,088,5561.1m $12.1m $12.1m 0.00% Reduced -785.9k -785,871
21 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 1,038,7981.0m $19.2m $19.2m 0.02% Added +176.7k +176,724
22 CARY STREET PARTNERS FINANCIAL LLC 0.32% of their portfolio RICHMOND, VA 1,034,2111.0m $11.5m $11.5m 0.32% Added +911.0k +911,001
23 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 947,056947.1k $10.5m $10.5m 0.06% Added +272.5k +272,547
24 Centiva Capital, LP 0.66% of their portfolio New York, NY 900,000900.0k $10.0m $10.0m 0.66% New
25 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 869,625869.6k $9.7m $9.7m 0.01% Added +20.2k +20,235
26 Intrepid Financial Planning Group LLC 3.93% of their portfolio CARMEL, IN 840,224840.2k $9.4m $9.4m 3.93% Reduced -14.8k -14,813
27 MAI Capital Management 0.06% of their portfolio INDEPENDENCE, OH 812,895812.9k $9.0m $9.0m 0.06% Added +231.5k +231,501
28 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 810,834810.8k $9.0m $9.0m 0.00% Reduced -78.5k -78,452
29 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 805,910805.9k $9.0m $9.0m 0.03% Reduced -40.1k -40,114
30 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 790,888790.9k $8.8m $8.8m 0.00% Reduced -20.2k -20,240
31 Clearstead Advisors, LLC 0.12% of their portfolio CLEVELAND, OH 787,541787.5k $8.8m $8.8m 0.12% Added +71.5k +71,504
32 FIRST NATIONAL BANK & TRUST CO OF NEWTOWN 1.44% of their portfolio NEWTOWN, PA 645,312645.3k $7.2m $7.2m 1.44% Reduced -3.6k -3,582
33 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 630,329630.3k $7.0m $7.0m 0.01% Reduced -30.0k -30,008
34 Prairiewood Capital, LLC 2.55% of their portfolio FARGO, ND 616,576616.6k $6.9m $6.9m 2.55% Added +1.2k +1,152
35 Arkos Global Advisors 0.90% of their portfolio HOUSTON, TX 581,671581.7k $6.5m $6.5m 0.90% Reduced -37.9k -37,901
36 Manske Wealth Management 2.05% of their portfolio HOUSTON, TX 555,855555.9k $6.2m $6.2m 2.05% Added +4.8k +4,840
37 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 535,948535.9k $6.0m $6.0m 0.01% Added +4.9k +4,901
38 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 531,518531.5k $5.9m $5.9m 0.02% Added +41.9k +41,885
39 Investors Research Corp 1.05% of their portfolio ATLANTA, GA 481,270481.3k $5.4m $5.4m 1.05% Added +37.4k +37,418
40 Integrated Wealth Concepts LLC 0.05% of their portfolio WALTHAM, MA 478,826478.8k $5.3m $5.3m 0.05% Added +79.1k +79,098
41 McAdam, LLC 0.29% of their portfolio Philadelphia, PA 471,310471.3k $5.2m $5.2m 0.29% Reduced -16.6k -16,643
42 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 464,815464.8k $5.2m $5.2m 0.01% Reduced -38.1k -38,057
43 Sound Income Strategies, LLC 0.29% of their portfolio FT LAUDERDALE, FL 461,867461.9k $5.1m $5.1m 0.29% Reduced -4.8k -4,754
44 PLIMOTH TRUST CO LLC 1.21% of their portfolio SWANSEA, MA 453,260453.3k $5.0m $5.0m 1.21% Added +26.2k +26,250
45 EXCHANGE TRADED CONCEPTS, LLC 0.06% of their portfolio Oklahoma City, OK 446,029446.0k $5.0m $5.0m 0.06% New
46 Field & Main Bank 1.49% of their portfolio HENDERSON, KY 412,187412.2k $4.6m $4.6m 1.49% Added +17.8k +17,764
47 NOESIS CAPITAL MANGEMENT CORP 0.79% of their portfolio BOCA RATON, FL 407,975408.0k $4.5m $4.5m 0.79% Reduced -30.8k -30,821
48 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 404,876404.9k $4.5m $4.5m 0.02% Added +177.4k +177,431
49 BLUEFIN CAPITAL MANAGEMENT, LLC 3.44% of their portfolio NEW YORK, NY 400,000400.0k $4.5m $4.5m 3.44% Added +380.3k +380,281
50 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 390,385390.4k $4.3m $4.3m 0.01% Reduced -21.2k -21,197
51 Geneos Wealth Management Inc. 0.10% of their portfolio ENGLEWOOD, CO 373,775373.8k $4.2m $4.2m 0.10% Reduced -403.4k -403,404
52 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 363,558363.6k $4.0m $4.0m 0.01% Reduced -21.0k -21,000
53 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 315,730315.7k $3.5m $3.5m 0.01% Reduced -41.9k -41,943
54 Global Retirement Partners, LLC 0.08% of their portfolio San Rafael, CA 300,722300.7k $3.3m $3.3m 0.08% First filing
55 KCM INVESTMENT ADVISORS LLC 0.10% of their portfolio GREENBRAE, CA 272,722272.7k $3.0m $3.0m 0.10% Reduced -10.9k -10,922
56 OPPENHEIMER & CO INC 0.04% of their portfolio NEW YORK, NY 263,178263.2k $2.9m $2.9m 0.04% Added +38.5k +38,505
57 First PREMIER Bank 0.69% of their portfolio SIOUX FALLS, SD 255,975256.0k $2.8m $2.8m 0.69% Reduced -8.7k -8,687
58 Baker Avenue Asset Management, LP 0.08% of their portfolio SAN FRANCISCO, CA 251,292251.3k $2.8m $2.8m 0.08% Added +2.0k +1,960
59 Charles Schwab Trust Co 0.20% of their portfolio HENDERSON, NV 244,667244.7k $2.7m $2.7m 0.20% Added +131.4k +131,429
60 FIRST HAWAIIAN BANK 0.34% of their portfolio HONOLULU, HI 222,207222.2k $2.5m $2.5m 0.34% Reduced -3.2k -3,212
61 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 215,421215.4k $2.4m $2.4m 0.01% Reduced -183.2k -183,175
62 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 214,012214.0k $2.4m $2.4m 0.00% Added +162.7k +162,686
63 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 210,740210.7k $2.5m $2.5m 0.00% Added +8.7k +8,693
64 Avantax Planning Partners, Inc. 0.07% of their portfolio DUBUQUE, IA 210,558210.6k $2.3m $2.3m 0.07% Reduced -46.8k -46,842
65 KG Capital Management 0.67% of their portfolio ST. FRANCISVILLE, LA 205,191205.2k $2.3m $2.3m 0.67% Reduced -5.6k -5,567
66 Cascade Financial Partners, LLC 0.27% of their portfolio SAN DIEGO, CA 203,478203.5k $2.3m $2.3m 0.27% Reduced -45.0k -45,017
67 IFP Advisors, Inc 0.06% of their portfolio TAMPA, FL 197,955198.0k $2.2m $2.2m 0.06% Added +4.5k +4,517
68 WHITE PINE CAPITAL LLC 0.70% of their portfolio BLOOMINGTON, MN 197,193197.2k $2.2m $2.2m 0.70% Added +4.1k +4,100
69 World Investment Advisors 0.05% of their portfolio LINCROFT, NJ 197,073197.1k $2.2m $2.2m 0.05% Reduced -13.5k -13,537
70 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 195,090195.1k $2.2m $2.2m 0.03% Added +13.3k +13,293
71 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 188,700188.7k $2.1m $2.1m 0.02% Reduced -333.6k -333,610
72 HBK Sorce Advisory LLC 0.06% of their portfolio ERIE, PA 186,413186.4k $2.1m $2.1m 0.06% Reduced -6.1k -6,135
73 COMERICA BANK 0.01% of their portfolio DALLAS, TX 183,867183.9k $2.0m $2.0m 0.01% Reduced -10.9k -10,916
74 TRANSATLANTIQUE PRIVATE WEALTH LLC 0.75% of their portfolio NEW YORK, NY 183,385183.4k $2.0m $2.0m 0.75% Added +5.2k +5,159
75 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 182,300182.3k $2.0m $2.0m 0.01% New
76 Buck Wealth Strategies, LLC 0.30% of their portfolio DENVER, CO 174,938174.9k $1.9m $1.9m 0.30% Added +62.1k +62,134
77 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 170,060170.1k $1.9m $1.9m 0.00% Reduced -4.4k -4,383
78 RFG Advisory, LLC 0.04% of their portfolio BIRMINGHAM, AL 168,236168.2k $1.9m $1.9m 0.04% Reduced -382.0k -381,985
79 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 168,004168.0k $1.9m $1.9m 0.00% Reduced -100.4k -100,388
80 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 166,685166.7k $1.9m $1.9m 0.00% Added +13.9k +13,859
81 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 166,514166.5k $1.9m $1.9m 0.02% Reduced -9.9k -9,910
82 BRIGHTON SECURITIES CORP. 1.01% of their portfolio ROCHESTER, NY 165,972166.0k $1.8m $1.8m 1.01% Reduced -139.8k -139,768
83 ALBION FINANCIAL GROUP /UT 0.12% of their portfolio SALT LAKE CITY, UT 161,347161.3k $1.8m $1.8m 0.12% Reduced -3.9k -3,876
84 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 154,165154.2k $1.7m $1.7m 0.00% Added +2.9k +2,863
85 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 152,655152.7k $1.7m $1.7m 0.00% Reduced -458.9k -458,937
86 SHEPHERD KAPLAN KROCHUK, LLC 1.47% of their portfolio Boston, MA 152,164152.2k $1.7m $1.7m 1.47% Added +6.7k +6,695
87 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 151,817151.8k $1.7m $1.7m 0.01% Added +8.0k +7,995
88 NewSquare Capital LLC 0.12% of their portfolio NEWTOWN SQUARE, PA 142,689142.7k $1.6m $1.6m 0.12% Added +31.6k +31,643
89 FIDUCIARY ADVISORS, INC. 1.38% of their portfolio ST. LOUIS, MO 141,247141.2k $1.6m $1.6m 1.38% Added +3.5k +3,506
90 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 134,965135.0k $1.5m $1.5m 0.02% Reduced -13.3k -13,259
91 PRINCIPAL SECURITIES, INC. 0.03% of their portfolio DES MOINES, IA 132,720132.7k $1.5m $1.5m 0.03% Reduced -52.8k -52,843
92 IBEX WEALTH ADVISORS 0.16% of their portfolio BEDMINSTER, NJ 131,620131.6k $1.5m $1.5m 0.16% Added +3.0k +3,003
93 Cherry Tree Wealth Management, LLC 0.32% of their portfolio MINNETONKA, MN 123,383123.4k $1.4m $1.4m 0.32% Reduced -7.7k -7,737
94 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 123,356123.4k $1.4m $1.4m 0.00% Added +4.8k +4,765
95 Mariner, LLC 0.00% of their portfolio Overland Park, KS 122,149122.1k $1.4m $1.4m 0.00% Reduced -27.4k -27,376
96 Tudor Financial Inc. 0.75% of their portfolio DAYTON, OH 119,370119.4k $1.3m $1.3m 0.75% Reduced -33.0k -33,000
97 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 118,618118.6k $1.3m $1.3m 0.00% Reduced -608 -608
98 INDEPENDENT FINANCIAL GROUP, LLC 0.04% of their portfolio SAN DIEGO, CA 116,803116.8k $1.3m $1.3m 0.04% Reduced -5.1k -5,053
99 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 113,327113.3k $1.3m $1.3m 0.01% Reduced -33.6k -33,605
100 Gotham Asset Management, LLC 0.01% of their portfolio NEW YORK, NY 112,722112.7k $1.3m $1.3m 0.01% Reduced -13.2k -13,156