Vault-13

INVESCO EXCH TRADED FD TR II PGX

PFD ETF · ETP · CUSIP 46138E511

406 institutional holders -26 vs Q2 2025
169,780,532169.8m shares reported held*
$2.0bnreported value*
32 new 117 added 156 reduced 49 sold out net sold ≈ $80.6m (-7.2m 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 ($129.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.74.

Trends to Q3 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: 432Q3 25: 406406Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025406

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 170 bought or addedQ4 23: 263 cut or sold outQ1 24: 199 bought or addedQ1 24: 231 cut or sold outQ1 24Q2 24: 166 bought or addedQ2 24: 243 cut or sold outQ3 24: 191 bought or addedQ3 24: 213 cut or sold outQ3 24Q4 24: 183 bought or addedQ4 24: 217 cut or sold outQ1 25: 167 bought or addedQ1 25: 233 cut or sold outQ1 25Q2 25: 154 bought or addedQ2 25: 240 cut or sold outQ3 25: 149 bought or addedQ3 25: 205 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023170263
Q1 2024199231
Q2 2024166243
Q3 2024191213
Q4 2024183217
Q1 2025167233
Q2 2025154240
Q3 2025149205

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ4 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 0.00Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$633.0k$201.8k0.32
Q1 2025$444.3k$479.1k1.08
Q2 2025$347.3k$00.00
Q3 2025$0$0—

Biggest buyers

JPMORGAN CHASE & CO Added +4,735,076+4.7m
BANK OF AMERICA CORP /DE/ Added +1,333,558+1.3m
Mader & Shannon Wealth Management, Inc. New +1,245,561+1.2m
Advisors Preferred, LLC New +547,692+547.7k
Sanctuary Advisors, LLC Added +454,023+454.0k
Clearstead Advisors, LLC Added +428,903+428.9k
Harfst & Associates, Inc. New +306,267+306.3k
BLUEFIN CAPITAL MANAGEMENT, LLC New +280,052+280.1k
Allworth Financial LP Added +201,458+201.5k
SG Americas Securities, LLC Added +200,531+200.5k

Biggest sellers

FIRST TRUST ADVISORS LP Sold out -3,379,539-3.4m
ROYAL BANK OF CANADA Reduced -2,930,476-2.9m
Migdal Insurance & Financial Holdings Ltd. Sold out -1,700,000-1.7m
RENAISSANCE TECHNOLOGIES LLC Sold out -1,519,823-1.5m
UBS Group AG Reduced -1,168,089-1.2m
Spectrum Asset Management, Inc. Reduced -1,036,225-1.0m
Centiva Capital, LP Sold out -900,000-900.0k
WELLS FARGO & COMPANY/MN Reduced -838,619-838.6k
AMERIPRISE FINANCIAL INC Reduced -820,373-820.4k
EXCHANGE TRADED CONCEPTS, LLC Sold out -446,029-446.0k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 65,973,64666.0m $765.3m $765.3m 0.06% Added +1.3m +1,333,558
2 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 14,748,78014.7m $171.1m $171.1m 0.03% Reduced -838.6k -838,619
3 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,874,1268.9m $102.9m $102.9m 0.00% Added +4.7m +4,735,076
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 7,844,8817.8m $91.0m $91.0m 0.01% Added +92.9k +92,888
5 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 6,512,4146.5m $75.5m $75.5m 0.02% Reduced -348.6k -348,620
6 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 4,077,8354.1m $47.2m $47.2m 0.01% Reduced -820.4k -820,373
7 UBS Group AG 0.01% of their portfolio ZURICH, V8 4,044,5894.0m $46.9m $46.9m 0.01% Reduced -1.2m -1,168,089
8 Spectrum Asset Management, Inc. 85.75% of their portfolio STAMFORD, CT 3,633,2703.6m $42.1m $42.1m 85.75% Reduced -1.0m -1,036,225
9 BESSEMER GROUP INC 0.06% of their portfolio WOODBRIDGE, NJ 3,482,7183.5m $40.4m $40.4m 0.06% Reduced -795 -795
10 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 3,248,7883.2m $37.7m $37.7m 0.01% Reduced -2.9m -2,930,476
11 Allworth Financial LP 0.16% of their portfolio FOLSOM, CA 3,050,0463.1m $35.4m $35.4m 0.16% Added +201.5k +201,458
12 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 2,901,4092.9m $33.7m $33.7m 0.01% Added +194.4k +194,411
13 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 1,717,0901.7m $19.7m $19.7m 0.03% Reduced -34.7k -34,674
14 Checchi Capital Advisers, LLC 1.24% of their portfolio BEVERLY HILLS, CA 1,550,9071.6m $18.0m $18.0m 1.24% Added +93.9k +93,853
15 HUNTINGTON NATIONAL BANK 0.09% of their portfolio COLUMBUS, OH 1,331,9751.3m $15.5m $15.5m 0.09% Reduced -6.8k -6,838
16 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 1,312,2291.3m $15.2m $15.2m 0.02% Reduced -88.6k -88,622
17 Mader & Shannon Wealth Management, Inc. 7.08% of their portfolio KANSAS CITY, MO 1,245,5611.2m $14.4m $14.4m 7.08% New
18 Clearstead Advisors, LLC 0.21% of their portfolio CLEVELAND, OH 1,216,4441.2m $14.1m $14.1m 0.21% Added +428.9k +428,903
19 CARY STREET PARTNERS FINANCIAL LLC 0.33% of their portfolio RICHMOND, VA 1,092,4141.1m $12.7m $12.7m 0.33% Added +58.2k +58,203
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,019,9521.0m $11.8m $11.8m 0.00% Reduced -68.6k -68,604
21 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 903,062903.1k $10.5m $10.5m 0.05% Reduced -44.0k -43,994
22 MAI Capital Management 0.06% of their portfolio INDEPENDENCE, OH 881,283881.3k $10.2m $10.2m 0.06% Added +68.4k +68,388
23 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 879,203879.2k $10.2m $10.2m 0.01% Added +9.6k +9,578
24 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 813,910813.9k $9.4m $9.4m 0.02% Reduced -224.9k -224,888
25 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 796,525796.5k $9.2m $9.2m 0.00% Reduced -14.3k -14,309
26 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 789,123789.1k $9.2m $9.2m 0.03% Reduced -16.8k -16,787
27 Intrepid Financial Planning Group LLC 3.06% of their portfolio CARMEL, IN 692,093692.1k $8.0m $8.0m 3.06% Reduced -148.1k -148,131
28 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 660,118660.1k $7.7m $7.7m 0.00% Reduced -130.8k -130,770
29 Prairiewood Capital, LLC 2.52% of their portfolio FARGO, ND 655,022655.0k $7.6m $7.6m 2.52% Added +38.4k +38,446
30 FIRST NATIONAL BANK & TRUST CO OF NEWTOWN 1.40% of their portfolio NEWTOWN, PA 634,580634.6k $7.4m $7.4m 1.40% Reduced -10.7k -10,732
31 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 602,909602.9k $7.0m $7.0m 0.01% Reduced -27.4k -27,420
32 Manske Wealth Management 2.12% of their portfolio HOUSTON, TX 596,045596.0k $6.9m $6.9m 2.12% Added +40.2k +40,190
33 Advisors Preferred, LLC 0.95% of their portfolio ROCKVILLE, MD 547,692547.7k $6.4m $6.4m 0.95% New
34 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 535,487535.5k $6.2m $6.2m 0.01% Reduced -461 -461
35 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 514,193514.2k $5.8m $5.8m 0.02% Added +454.0k +454,023
36 Investors Research Corp 1.09% of their portfolio ATLANTA, GA 508,239508.2k $5.9m $5.9m 1.09% Added +27.0k +26,969
37 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 504,244504.2k $5.8m $5.8m 0.01% Reduced -27.3k -27,274
38 McAdam, LLC 0.27% of their portfolio Philadelphia, PA 467,163467.2k $5.4m $5.4m 0.27% Reduced -4.1k -4,147
39 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 464,126464.1k $5.4m $5.4m 0.01% Reduced -689 -689
40 PLIMOTH TRUST CO LLC 1.21% of their portfolio SWANSEA, MA 459,670459.7k $5.3m $5.3m 1.21% Added +6.4k +6,410
41 Arkos Global Advisors 0.67% of their portfolio HOUSTON, TX 452,361452.4k $5.2m $5.2m 0.67% Reduced -129.3k -129,310
42 Integrated Wealth Concepts LLC 0.05% of their portfolio WALTHAM, MA 447,597447.6k $5.2m $5.2m 0.05% Reduced -31.2k -31,229
43 Sound Income Strategies, LLC 0.27% of their portfolio FT LAUDERDALE, FL 430,944430.9k $5.0m $5.0m 0.27% Reduced -30.9k -30,923
44 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 422,939422.9k $4.9m $4.9m 0.01% Added +107.2k +107,209
45 Field & Main Bank 1.41% of their portfolio HENDERSON, KY 412,233412.2k $4.8m $4.8m 1.41% Added +46 +46
46 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 410,030410.0k $4.8m $4.8m 0.01% Added +46.5k +46,472
47 NOESIS CAPITAL MANGEMENT CORP 0.73% of their portfolio BOCA RATON, FL 406,637406.6k $4.7m $4.7m 0.73% Reduced -1.3k -1,338
48 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 389,731389.7k $4.5m $4.5m 0.01% Reduced -654 -654
49 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 382,831382.8k $4.4m $4.4m 0.02% Added +200.5k +200,531
50 Geneos Wealth Management Inc. 0.11% of their portfolio ENGLEWOOD, CO 369,294369.3k $4.3m $4.3m 0.11% Reduced -4.5k -4,481
51 Harfst & Associates, Inc. 0.66% of their portfolio Sheridan, WY 306,267306.3k $3.6m $3.6m 0.66% New
52 Global Retirement Partners, LLC 0.08% of their portfolio San Rafael, CA 289,547289.5k $3.4m $3.4m 0.08% Reduced -11.2k -11,175
53 OPPENHEIMER & CO INC 0.04% of their portfolio NEW YORK, NY 284,870284.9k $3.3m $3.3m 0.04% Added +21.7k +21,692
54 BLUEFIN CAPITAL MANAGEMENT, LLC 1.40% of their portfolio NEW YORK, NY 280,052280.1k $3.2m $3.2m 1.40% New
55 Baker Avenue Asset Management, LP 0.08% of their portfolio SAN FRANCISCO, CA 271,980272.0k $3.2m $3.2m 0.08% Added +20.7k +20,688
56 KCM INVESTMENT ADVISORS LLC 0.10% of their portfolio GREENBRAE, CA 264,813264.8k $3.1m $3.1m 0.10% Reduced -7.9k -7,909
57 FIRST HAWAIIAN BANK 0.37% of their portfolio HONOLULU, HI 247,338247.3k $2.9m $2.9m 0.37% Added +25.1k +25,131
58 First PREMIER Bank 0.64% of their portfolio SIOUX FALLS, SD 244,181244.2k $2.8m $2.8m 0.64% Reduced -11.8k -11,794
59 Charles Schwab Trust Co 0.19% of their portfolio HENDERSON, NV 244,161244.2k $2.8m $2.8m 0.19% Reduced -506 -506
60 TRANSATLANTIQUE PRIVATE WEALTH LLC 0.83% of their portfolio NEW YORK, NY 218,692218.7k $2.5m $2.5m 0.83% Added +35.3k +35,307
61 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 207,349207.3k $2.4m $2.4m 0.00% Reduced -3.4k -3,391
62 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 206,971207.0k $2.4m $2.4m 0.01% Reduced -197.9k -197,905
63 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 206,223206.2k $2.4m $2.4m 0.03% Added +11.1k +11,133
64 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 205,428205.4k $2.4m $2.4m 0.01% Reduced -10.0k -9,993
65 IFP Advisors, Inc 0.06% of their portfolio TAMPA, FL 201,485201.5k $2.3m $2.3m 0.06% Added +3.5k +3,530
66 KG Capital Management 0.63% of their portfolio ST. FRANCISVILLE, LA 197,824197.8k $2.3m $2.3m 0.63% Reduced -7.4k -7,367
67 World Investment Advisors 0.05% of their portfolio LINCROFT, NJ 192,127192.1k $2.2m $2.2m 0.05% Reduced -4.9k -4,946
68 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 191,976192.0k $2.2m $2.2m 0.01% Added +3.3k +3,276
69 WHITE PINE CAPITAL LLC 0.63% of their portfolio BLOOMINGTON, MN 190,460190.5k $2.2m $2.2m 0.63% Reduced -6.7k -6,733
70 HBK Sorce Advisory LLC 0.05% of their portfolio ERIE, PA 185,017185.0k $2.1m $2.1m 0.05% Reduced -1.4k -1,396
71 Avantax Planning Partners, Inc. 0.06% of their portfolio DUBUQUE, IA 174,742174.7k $2.0m $2.0m 0.06% Reduced -35.8k -35,816
72 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 172,775172.8k $2.0m $2.0m 0.00% Added +2.7k +2,715
73 FIDUCIARY ADVISORS, INC. 1.60% of their portfolio ST. LOUIS, MO 170,365170.4k $2.0m $2.0m 1.60% Added +29.1k +29,118
74 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 167,868167.9k $2.0m $2.0m 0.00% Added +1.2k +1,183
75 ALBION FINANCIAL GROUP /UT 0.11% of their portfolio SALT LAKE CITY, UT 164,154164.2k $1.9m $1.9m 0.11% Added +2.8k +2,807
76 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 163,689163.7k $1.9m $1.9m 0.01% Reduced -2.8k -2,825
77 BRIGHTON SECURITIES CORP. 0.95% of their portfolio ROCHESTER, NY 156,453156.5k $1.8m $1.8m 0.95% Reduced -9.5k -9,519
78 SHEPHERD KAPLAN KROCHUK, LLC 1.46% of their portfolio Boston, MA 153,126153.1k $1.8m $1.8m 1.46% Added +962 +962
79 NewSquare Capital LLC 0.12% of their portfolio NEWTOWN SQUARE, PA 147,317147.3k $1.7m $1.7m 0.12% Added +4.6k +4,628
80 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 139,871139.9k $1.6m $1.6m 0.01% Added +26.5k +26,544
81 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 138,503138.5k $1.6m $1.6m 0.00% Added +15.1k +15,147
82 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 138,089138.1k $1.6m $1.6m 0.01% Reduced -13.7k -13,728
83 Quadrature Capital Ltd 0.02% of their portfolio LONDON, X0 133,629133.6k $1.5m $1.5m 0.02% New
84 RFG Advisory, LLC 0.03% of their portfolio BIRMINGHAM, AL 133,152133.2k $1.5m $1.5m 0.03% Reduced -35.1k -35,084
85 COMERICA BANK 0.01% of their portfolio DALLAS, TX 131,083131.1k $1.5m $1.5m 0.01% Reduced -52.8k -52,784
86 IBEX WEALTH ADVISORS 0.14% of their portfolio BEDMINSTER, NJ 129,963130.0k $1.5m $1.5m 0.14% Reduced -1.7k -1,657
87 PRINCIPAL SECURITIES, INC. 0.02% of their portfolio DES MOINES, IA 129,787129.8k $1.5m $1.5m 0.02% Reduced -2.9k -2,933
88 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 127,734127.7k $1.5m $1.5m 0.00% Added +9.1k +9,116
89 Cascade Financial Partners, LLC 0.17% of their portfolio SAN DIEGO, CA 126,565126.6k $1.5m $1.5m 0.17% Reduced -76.9k -76,913
90 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 125,506125.5k $1.5m $1.5m 0.00% Reduced -28.7k -28,659
91 Gotham Asset Management, LLC 0.01% of their portfolio NEW YORK, NY 122,156122.2k $1.4m $1.4m 0.01% Added +9.4k +9,434
92 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 121,170121.2k $1.4m $1.4m 0.01% Reduced -13.8k -13,795
93 Tudor Financial Inc. 0.73% of their portfolio DAYTON, OH 118,725118.7k $1.4m $1.4m 0.73% Reduced -645 -645
94 Mariner, LLC 0.00% of their portfolio Overland Park, KS 116,658116.7k $1.4m $1.4m 0.00% Reduced -5.5k -5,491
95 Independent Wealth Network Inc. 0.42% of their portfolio URBANDALE, IA 112,879112.9k $1.3m $1.3m 0.42% Added +9.6k +9,631
96 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 110,208110.2k $1.3m $1.3m 0.00% Reduced -57.8k -57,796
97 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 108,886108.9k $1.3m $1.3m 0.00% Reduced -43.8k -43,769
98 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 107,002107.0k $1.2m $1.2m 0.00% Added +107.0k +107,000
99 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 106,413106.4k $1.2m $1.2m 0.01% Added +2.8k +2,752
100 Shulman DeMeo Asset Management LLC 0.28% of their portfolio LAKE SUCCESS, NY 106,197106.2k $1.2m $1.2m 0.28% Added +7 +7