Vault-13

INVESCO EXCH TRADED FD TR II PZA

NATL AMT MUNI · ETP · CUSIP 46138E537

228 institutional holders +11 vs Q1 2025
85,856,17085.9m shares reported held*
$1.9bnreported value*
34 new 72 added 86 reduced 22 sold out net sold ≈ $86.4m (-3.8m 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 ($292.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.41. Options: 2 managers hold calls ($293.3k notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 182Q4 22: 178Q1 23: 172Q2 23: 182Q3 23: 190Q4 23: 205Q1 24: 199Q2 24: 213Q3 24: 219Q4 24: 231Q1 25: 217Q2 25: 228228Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022182
Q4 2022178
Q1 2023172
Q2 2023182
Q3 2023190
Q4 2023205
Q1 2024199
Q2 2024213
Q3 2024219
Q4 2024231
Q1 2025217
Q2 2025228

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 82 bought or addedQ3 23: 87 cut or sold outQ4 23: 96 bought or addedQ4 23: 93 cut or sold outQ4 23Q1 24: 110 bought or addedQ1 24: 82 cut or sold outQ2 24: 106 bought or addedQ2 24: 77 cut or sold outQ2 24Q3 24: 107 bought or addedQ3 24: 93 cut or sold outQ4 24: 114 bought or addedQ4 24: 101 cut or sold outQ4 24Q1 25: 105 bought or addedQ1 25: 113 cut or sold outQ2 25: 106 bought or addedQ2 25: 108 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20238287
Q4 20239693
Q1 202411082
Q2 202410677
Q3 202410793
Q4 2024114101
Q1 2025105113
Q2 2025106108

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 24 calls: $113.5kQ3 24 puts: $845.2kQ3 24P/C 7.45Q4 24 calls: $226.7kQ4 24 puts: $47.2kQ4 24P/C 0.21Q1 25 calls: $364.0kQ1 25 puts: $1.2mQ1 25P/C 3.43Q2 25 calls: $293.3kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$113.5k$845.2k7.45
Q4 2024$226.7k$47.2k0.21
Q1 2025$364.0k$1.2m3.43
Q2 2025$293.3k$00.00

Biggest buyers

Rockefeller Capital Management L.P. Added +706,931+706.9k
Quadrature Capital Ltd New +615,447+615.4k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +519,844+519.8k
ENVESTNET ASSET MANAGEMENT INC Added +318,090+318.1k
SIMON QUICK ADVISORS, LLC New +293,364+293.4k
RENAISSANCE TECHNOLOGIES LLC Added +264,400+264.4k
ROYAL BANK OF CANADA Added +256,078+256.1k
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Added +196,614+196.6k
LPL Financial LLC Added +186,346+186.3k
COMMONWEALTH EQUITY SERVICES, LLC Added +176,909+176.9k

Biggest sellers

UBS Group AG Reduced -1,652,694-1.7m
BANK OF AMERICA CORP /DE/ Reduced -1,331,451-1.3m
Parcion Private Wealth LLC Reduced -909,085-909.1k
CX Institutional Reduced -746,590-746.6k
Goodman Advisory Group, LLC Sold out -655,675-655.7k
JPMORGAN CHASE & CO Reduced -466,224-466.2k
Annex Advisory Services, LLC Reduced -368,697-368.7k
WELLS FARGO & COMPANY/MN Reduced -351,462-351.5k
AMERIPRISE FINANCIAL INC Reduced -271,837-271.8k
JANE STREET GROUP, LLC Reduced -259,591-259.6k

Biggest calls

CITADEL ADVISORS LLC Reduced $237.3k10.6k shares
BANK OF AMERICA CORP /DE/ Unchanged $56.0k2.5k 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/ 0.08% of their portfolio CHARLOTTE, NC 46,488,28746.5m $1.0bn $1.0bn 0.08% Reduced -1.3m -1,331,451
2 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.46% of their portfolio MINNEAPOLIS, MN 3,896,6633.9m $87.2m $87.2m 1.46% Added +196.6k +196,614
3 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,418,2672.4m $54.1m $54.1m 0.02% Added +186.3k +186,346
4 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,936,2611.9m $43.4m $43.4m 0.01% Added +318.1k +318,090
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,907,4791.9m $42.7m $42.7m 0.00% Reduced -72.3k -72,285
6 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,791,5001.8m $40.1m $40.1m 0.01% Added +140.1k +140,078
7 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,773,0801.8m $39.7m $39.7m 0.01% Reduced -351.5k -351,462
8 EP Wealth Advisors, LLC 0.22% of their portfolio TORRANCE, CA 1,527,9811.5m $34.2m $34.2m 0.22% Added +75.7k +75,670
9 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 1,426,6861.4m $31.9m $31.9m 0.02% Added +519.8k +519,844
10 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,291,5501.3m $28.9m $28.9m 0.01% Reduced -1.7m -1,652,694
11 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 1,016,3951.0m $22.8m $22.8m 0.04% Reduced -259.6k -259,591
12 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 895,745895.7k $20.0m $20.0m 0.00% Reduced -271.8k -271,837
13 Composition Wealth, LLC 0.33% of their portfolio LOS ANGELES, CA 875,242875.2k $19.6m $19.6m 0.33% Added +47.9k +47,885
14 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 844,312844.3k $18.9m $18.9m 0.02% Added +706.9k +706,931
15 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 796,725796.7k $17.8m $17.8m 0.02% Added +31.8k +31,809
16 Stratos Wealth Partners, LTD. 0.22% of their portfolio BEACHWOOD, OH 740,392740.4k $16.6m $16.6m 0.22% Added +47.0k +47,050
17 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 662,725662.7k $14.8m $14.8m 0.01% Added +83.3k +83,346
18 Quadrature Capital Ltd 0.24% of their portfolio LONDON, X0 615,447615.4k $13.8m $13.8m 0.24% New
19 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 597,461597.5k $13.4m $13.4m 0.02% Added +79.3k +79,293
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 532,250532.2k $11.9m $11.9m 0.00% Added +256.1k +256,078
21 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 527,388527.4k $11.8m $11.8m 0.02% Added +85.8k +85,800
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 507,167507.2k $11.4m $11.4m 0.00% Reduced -466.2k -466,224
23 Gerber Kawasaki Wealth & Investment Management 0.43% of their portfolio SANTA MONICA, CA 499,706499.7k $11.2m $11.2m 0.43% Added +36.7k +36,652
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 496,481496.5k $11.1m $11.1m 0.00% Reduced -20.5k -20,502
25 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 451,562451.6k $10.1m $10.1m 0.01% Reduced -3.7k -3,658
26 Allworth Financial LP 0.05% of their portfolio FOLSOM, CA 440,002440.0k $9.9m $9.9m 0.05% Reduced -14.6k -14,640
27 Annex Advisory Services, LLC 0.22% of their portfolio BROOKFIELD, WI 416,668416.7k $9.3m $9.3m 0.22% Reduced -368.7k -368,697
28 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 386,756386.8k $8.7m $8.7m 0.02% Reduced -39.3k -39,299
29 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 380,300380.3k $8.5m $8.5m 0.01% Added +264.4k +264,400
30 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 341,671341.7k $7.7m $7.7m 0.02% Added +2.3k +2,341
31 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 326,640326.6k $7.3m $7.3m 0.00% Reduced -36.1k -36,055
32 Stewardship Advisors, LLC 1.85% of their portfolio MOUNT JOY, PA 325,840325.8k $7.3m $7.3m 1.85% Added +3.4k +3,385
33 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 325,688325.7k $7.3m $7.3m 0.01% Reduced -41.1k -41,109
34 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.10% of their portfolio ST. LOUIS, MO 317,163317.2k $7.1m $7.1m 0.10% Reduced -9.0k -9,043
35 IHT Wealth Management, LLC 0.19% of their portfolio Chicago, IL 314,501314.5k $7.0m $7.0m 0.19% Added +37.3k +37,338
36 COMERICA BANK 0.03% of their portfolio DALLAS, TX 303,418303.4k $6.8m $6.8m 0.03% Reduced -166.8k -166,771
37 SIMON QUICK ADVISORS, LLC 0.33% of their portfolio MORRISTOWN, NJ 293,364293.4k $6.6m $6.6m 0.33% New
38 Tortoise Investment Management, LLC 0.60% of their portfolio WHITE PLAINS, NY 282,105282.1k $6.3m $6.3m 0.60% Added +148.9k +148,890
39 TRUSTMARK BANK TRUST DEPARTMENT 0.43% of their portfolio JACKSON, MS 279,366279.4k $6.3m $6.3m 0.43% Reduced -100.1k -100,140
40 SEEDS INVESTOR LLC 1.46% of their portfolio NEW YORK, NY 276,894276.9k $6.2m $6.2m 1.46% Reduced -82.0k -81,969
41 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 263,086263.1k $5.9m $5.9m 0.01% Added +176.9k +176,909
42 ANDERSON HOAGLAND & CO 0.55% of their portfolio ST LOUIS, MO 259,342259.3k $5.8m $5.8m 0.55% Reduced -118.5k -118,524
43 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 236,774236.8k $5.3m $5.3m 0.01% Added +74.5k +74,464
44 McAdam, LLC 0.26% of their portfolio Philadelphia, PA 212,171212.2k $4.8m $4.8m 0.26% Added +17.8k +17,846
45 TRAPHAGEN INVESTMENT ADVISORS LLC 0.43% of their portfolio ORADELL, NJ 204,441204.4k $4.6m $4.6m 0.43% Reduced -24.2k -24,236
46 Petix & Botte Co 0.89% of their portfolio LA MESA, CA 161,382161.4k $3.6m $3.6m 0.89% Added +25.6k +25,630
47 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 142,660142.7k $3.2m $3.2m 0.02% Added +63.4k +63,366
48 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 132,422132.4k $3.0m $3.0m 0.02% Added +110.6k +110,576
49 SteelPeak Wealth, LLC 0.11% of their portfolio WOODLAND HILLS, CA 123,104123.1k $2.8m $2.8m 0.11% Added +7.5k +7,536
50 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 122,796122.8k $2.7m $2.7m 0.03% Reduced -12.3k -12,329
51 FIRST FOUNDATION ADVISORS 0.10% of their portfolio Irvine, CA 120,992121.0k $2.7m $2.7m 0.10% Reduced -13.9k -13,945
52 DOHJ, LLC 0.67% of their portfolio SEATTLE, WA 102,232102.2k $2.3m $2.3m 0.67% Added +86.5k +86,486
53 First Heartland Consultants, Inc. 0.20% of their portfolio LAKE ST. LOUIS, MO 99,57799.6k $2.2m $2.2m 0.20% Reduced -8.1k -8,079
54 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 97,97298.0k $2.2m $2.2m 0.00% Added +21.9k +21,851
55 TD PRIVATE CLIENT WEALTH LLC 0.05% of their portfolio NEW YORK, NY 95,61895.6k $2.1m $2.1m 0.05% Added +15.8k +15,816
56 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 89,38189.4k $2.0m $2.0m 0.03% Reduced -9.1k -9,148
57 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 89,09589.1k $2.0m $2.0m 0.02% New
58 KEYBANK NATIONAL ASSOCIATION/OH 0.01% of their portfolio BROOKLYN, OH 88,52288.5k $2.0m $2.0m 0.01% Reduced -16.6k -16,640
59 Rochester Wealth Strategies, LLC 1.41% of their portfolio ROCHESTER, MI 88,08288.1k $2.0m $2.0m 1.41% Added +2.6k +2,616
60 Clark Capital Management Group, Inc. 0.01% of their portfolio PHILADELPHIA, PA 87,12987.1k $2.0m $2.0m 0.01% New
61 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 82,93282.9k $1.9m $1.9m 0.00% Reduced -212.2k -212,213
62 Spire Wealth Management 0.11% of their portfolio MCLEAN, VA 82,31582.3k $3.0m $3.0m 0.11% Added +9.4k +9,411
63 Collaborative Wealth Managment Inc. 0.78% of their portfolio LAKE MARY, FL 79,98280.0k $1.8m $1.8m 0.78% Added +7.2k +7,188
64 Northeast Financial Group, Inc. 0.55% of their portfolio Allentown, PA 77,66277.7k $1.7m $1.7m 0.55% Added +15.7k +15,662
65 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 77,46677.5k $1.7m $1.7m 0.00% Reduced -58.1k -58,077
66 Econ Financial Services Corp 0.89% of their portfolio HARRISBURG, PA 76,94876.9k $1.7m $1.7m 0.89% Reduced -10.5k -10,467
67 Parcion Private Wealth LLC 0.12% of their portfolio BELLEVUE, WA 76,13076.1k $1.7m $1.7m 0.12% Reduced -909.1k -909,085
68 Lebenthal Global Advisors, LLC 0.30% of their portfolio Hauppauge, NY 72,19772.2k $1.6m $1.6m 0.30% Added +17.1k +17,091
69 Leeward Financial Partners, LLC 0.50% of their portfolio Bellevue, WA 70,23370.2k $1.6m $1.6m 0.50% Added +5.7k +5,692
70 PRINCIPAL SECURITIES, INC. 0.03% of their portfolio DES MOINES, IA 68,57568.6k $1.5m $1.5m 0.03% Reduced -19.3k -19,304
71 SSA SWISS ADVISORS AG 0.73% of their portfolio ZURICH, V8 68,57068.6k $1.5m $1.5m 0.73% Reduced -1.0k -1,011
72 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 64,89964.9k $1.5m $1.5m 0.02% Reduced -2.4k -2,360
73 Vestmark Advisory Solutions, Inc. 0.02% of their portfolio Wakefield, MA 64,63464.6k $1.4m $1.4m 0.02% New
74 Concurrent Investment Advisors, LLC 0.03% of their portfolio Tampa, FL 59,83959.8k $1.3m $1.3m 0.03% Added +11.1k +11,128
75 SPIREPOINT PRIVATE CLIENT, LLC 0.15% of their portfolio VERO BEACH, FL 58,55058.5k $1.3m $1.3m 0.15% New
76 ASHTON THOMAS SECURITIES, LLC 0.31% of their portfolio ROCHESTER, NY 57,85257.9k $1.3m $1.3m 0.31% Reduced -136.7k -136,715
77 FLYNN ZITO CAPITAL MANAGEMENT, LLC 0.48% of their portfolio GARDEN CITY, NY 50,52550.5k $1.1m $1.1m 0.48% Added +1.7k +1,701
78 Main Street Financial Solutions, LLC 0.08% of their portfolio NEWTOWN, PA 50,01350.0k $1.1m $1.1m 0.08% Added +1.7k +1,720
79 Fiduciary Trust Co 0.01% of their portfolio Boston, MA 50,00050.0k $1.1m $1.1m 0.01% Unchanged
80 CALTON & ASSOCIATES, INC. 0.18% of their portfolio Tampa, FL 47,29547.3k $1.1m $1.1m 0.18% New
81 CHOREO, LLC 0.01% of their portfolio ROCKFORD, IL 45,38045.4k $1.0m $1.0m 0.01% Added +1.2k +1,173
82 Ausdal Financial Partners, Inc. 0.07% of their portfolio Davenport, IA 45,01645.0k $1.0m $1.0m 0.07% Reduced -1.0k -1,011
83 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 43,59743.6k $976.1k $976.1k 0.01% Added +815 +815
84 FOCUS Wealth Advisors, LLC 0.49% of their portfolio HOUSTON, TX 42,25442.3k $946.1k $946.1k 0.49% Added +2.1k +2,105
85 CX Institutional 0.03% of their portfolio AUBURN, IN 40,97441.0k $917.0k $917.0k 0.03% Reduced -746.6k -746,590
86 ProVise Management Group, LLC 0.07% of their portfolio CLEARWATER, FL 40,87840.9k $915.3k $915.3k 0.07% Reduced -1.4k -1,379
87 Garden State Investment Advisory Services LLC 0.24% of their portfolio Red Bank, NJ 40,23040.2k $900.8k $900.8k 0.24% New
88 Avidian Wealth Enterprises, LLC 0.04% of their portfolio Houston, TX 39,25439.3k $878.9k $878.9k 0.04% Added +16.2k +16,169
89 Per Stirling Capital Management, LLC. 0.11% of their portfolio AUSTIN, TX 38,39738.4k $859.7k $859.7k 0.11% Reduced -9.3k -9,310
90 MIdWestOne Financial Group, Inc. 0.11% of their portfolio Iowa City, IA 37,50037.5k $839.6k $839.6k 0.11% Added +22.5k +22,500
91 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 35,92235.9k $804.0k $804.0k 0.00% New
92 MMA ASSET MANAGEMENT LLC 0.31% of their portfolio New York, NY 35,86835.9k $803.1k $803.1k 0.31% Reduced -1.0k -1,040
93 1900 WEALTH MANAGEMENT LLC 0.06% of their portfolio SAN ANTONIO, TX 35,66235.7k $798.5k $798.5k 0.06% Reduced -256.6k -256,577
94 KING LUTHER CAPITAL MANAGEMENT CORP 0.00% of their portfolio FORT WORTH, TX 35,58335.6k $796.7k $796.7k 0.00% Reduced -5.3k -5,297
95 UMB Bank, n.a. 0.01% of their portfolio Kansas City, MO 35,53635.5k $795.7k $795.7k 0.01% Reduced -32.7k -32,663
96 Running Point Capital Advisors, LLC 0.22% of their portfolio EL SEGUNDO, CA 35,12135.1k $786.4k $786.4k 0.22% Reduced -141 -141
97 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 33,73533.7k $755.3k $755.3k 0.00% Added +11.7k +11,690
98 World Investment Advisors 0.02% of their portfolio LINCROFT, NJ 32,51132.5k $727.9k $727.9k 0.02% New
99 Bernardo Wealth Planning LLC 0.16% of their portfolio HARLEYSVILLE, PA 32,37032.4k $725.0k $725.0k 0.16% Reduced -3.0k -2,971
100 KFA Private Wealth Group, LLC 0.22% of their portfolio Tysons, VA 31,24631.2k $699.6k $699.6k 0.22% New