Vault-13

INVESCO EXCH TRADED FD TR II PZA

NATL AMT MUNI · ETP · CUSIP 46138E537

325 institutional holders +27 vs Q1 2026
158,874,327158.9m shares reported held*
$3.7bnreported value*
47 new 152 added 74 reduced 14 sold out net bought ≈ $368.2m (+15.7m 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 ($66.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.52. Options: 1 managers hold calls ($1.0m notional), 1 hold puts ($738.5k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 182Q4 22: 178Q1 23: 172Q2 23: 182Q3 23: 190Q4 23: 205Q1 24: 199Q2 24: 213Q3 24: 219Q4 24: 231Q1 25: 217Q2 25: 228Q3 25: 253Q4 25: 270Q1 26: 298Q2 26: 325325Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q3 2025253
Q4 2025270
Q1 2026298
Q2 2026325

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 25Q3 25: 142 bought or addedQ3 25: 101 cut or sold outQ4 25: 128 bought or addedQ4 25: 110 cut or sold outQ4 25Q1 26: 192 bought or addedQ1 26: 88 cut or sold outQ2 26: 199 bought or addedQ2 26: 88 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202410793
Q4 2024114101
Q1 2025105113
Q2 2025106108
Q3 2025142101
Q4 2025128110
Q1 202619288
Q2 202619988

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 25 calls: $16.3mQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $960.1kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $9.3mQ1 26 puts: $831.9kQ1 26P/C 0.09Q2 26 calls: $1.0mQ2 26 puts: $738.5kQ2 26P/C 0.72
Numbers
QuarterCallsPutsP/C
Q3 2025$16.3m$00.00
Q4 2025$960.1k$00.00
Q1 2026$9.3m$831.9k0.09
Q2 2026$1.0m$738.5k0.72

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +3,297,186+3.3m
UBS Group AG Added +2,936,930+2.9m
Arax Advisory Partners Added +1,812,494+1.8m
Vestmark Advisory Solutions, Inc. Added +1,498,872+1.5m
LPL Financial LLC Added +868,230+868.2k
EP Wealth Advisors, LLC Added +540,746+540.7k
Bank of New York Mellon Corp Added +513,009+513.0k
ENVESTNET ASSET MANAGEMENT INC Added +455,430+455.4k
WELLS FARGO & COMPANY/MN Added +378,913+378.9k
Vise Technologies, Inc. Added +319,092+319.1k

Biggest sellers

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -1,892,583-1.9m
GOLDMAN SACHS GROUP INC Sold out -389,799-389.8k
JANE STREET GROUP, LLC Reduced -323,460-323.5k
Independent Advisor Alliance Sold out -270,862-270.9k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -169,227-169.2k
ANDERSON HOAGLAND & CO Reduced -166,850-166.8k
Petix & Botte Co Sold out -94,239-94.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -93,296-93.3k
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Reduced -77,806-77.8k
Grantham, Mayo, Van Otterloo & Co. LLC Sold out -74,867-74.9k

Biggest calls

CITADEL ADVISORS LLC Added $1.0m43.6k shares

Biggest puts

CITADEL ADVISORS LLC Added $738.5k31.4k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 58,451,25758.5m $1.4bn $1.4bn 0.09% Added +3.3m +3,297,186
2 UBS Group AG 0.09% of their portfolio ZURICH, V8 24,464,37824.5m $575.4m $575.4m 0.09% Added +2.9m +2,936,930
3 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 7,347,1837.3m $172.8m $172.8m 0.03% Added +95.2k +95,239
4 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 5,299,9575.3m $124.7m $124.7m 0.03% Added +455.4k +455,430
5 Jupiter Topco LLC 0.04% of their portfolio NEW YORK, NY 4,466,5874.5m $105.1m $105.1m 0.04% First filing
6 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.33% of their portfolio MINNEAPOLIS, MN 4,286,8234.3m $100.8m $100.8m 1.33% Reduced -77.8k -77,806
7 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 4,047,7094.0m $95.2m $95.2m 0.02% Added +868.2k +868,230
8 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 3,254,4243.3m $76.5m $76.5m 0.01% Added +513.0k +513,009
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,754,3222.8m $64.8m $64.8m 0.00% Added +201.2k +201,230
10 EP Wealth Advisors, LLC 0.21% of their portfolio TORRANCE, CA 2,348,3532.3m $55.2m $55.2m 0.21% Added +540.7k +540,746
11 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 2,232,0452.2m $52.5m $52.5m 0.01% Reduced -1.9m -1,892,583
12 SOFI WEALTH, LLC 2.04% of their portfolio SAN FRANCISCO, CA 2,158,8812.2m $50.8m $50.8m 2.04% Added +175.6k +175,595
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,134,2642.1m $50.2m $50.2m 0.00% Added +381 +381
14 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,948,0741.9m $45.8m $45.8m 0.01% Added +378.9k +378,913
15 Arax Advisory Partners 0.28% of their portfolio NEW YORK, NY 1,813,8661.8m $42.7m $42.7m 0.28% Added +1.8m +1,812,494
16 Vestmark Advisory Solutions, Inc. 0.39% of their portfolio Wakefield, MA 1,759,4251.8m $41.4m $41.4m 0.39% Added +1.5m +1,498,872
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 1,591,4791.6m $37.4m $37.4m 0.02% Reduced -169.2k -169,227
18 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 1,262,4701.3m $29.7m $29.7m 0.03% Added +85.8k +85,818
19 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 1,103,4261.1m $26.0m $26.0m 0.03% Added +82.3k +82,279
20 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 1,028,0531.0m $24.2m $24.2m 0.02% Reduced -6.7k -6,716
21 Sanctuary Advisors, LLC 0.11% of their portfolio INDIANAPOLIS, IN 992,255992.3k $23.3m $23.3m 0.11% Added +259.2k +259,240
22 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 910,834910.8k $21.4m $21.4m 0.01% Added +241.3k +241,262
23 Gerber Kawasaki Wealth & Investment Management 0.51% of their portfolio SANTA MONICA, CA 808,140808.1k $19.0m $19.0m 0.51% Added +73.5k +73,495
24 Composition Wealth, LLC 0.22% of their portfolio LOS ANGELES, CA 785,536785.5k $18.5m $18.5m 0.22% Added +94.9k +94,857
25 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 724,358724.4k $17.0m $17.0m 0.05% Added +100.0k +100,034
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 679,603679.6k $16.0m $16.0m 0.00% Added +139.3k +139,343
27 Shepherd Financial Partners LLC 1.29% of their portfolio WINCHESTER, MA 665,927665.9k $15.7m $15.7m 1.29% Added +241.5k +241,498
28 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 550,259550.3k $12.9m $12.9m 0.02% Added +139.9k +139,942
29 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 539,236539.2k $12.7m $12.7m 0.02% Reduced -755 -755
30 Allworth Financial LP 0.05% of their portfolio FOLSOM, CA 534,858534.9k $12.6m $12.6m 0.05% Added +3.3k +3,273
31 Integrated Wealth Concepts LLC 0.06% of their portfolio WALTHAM, MA 514,269514.3k $12.1m $12.1m 0.06% Added +253.5k +253,525
32 West Wealth Group, LLC 1.98% of their portfolio Irvine, CA 514,231514.2k $12.1m $12.1m 1.98% Added +71.4k +71,431
33 Avidian Wealth Enterprises, LLC 0.31% of their portfolio Houston, TX 480,354480.4k $11.3m $11.3m 0.31% Reduced -4.6k -4,601
34 IHT Wealth Management, LLC 0.23% of their portfolio Chicago, IL 457,954458.0k $10.8m $10.8m 0.23% Added +30.6k +30,581
35 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 455,386455.4k $10.7m $10.7m 0.02% Added +80.5k +80,456
36 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 421,360421.4k $9.9m $9.9m 0.02% Added +53.5k +53,469
37 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 408,126408.1k $9.6m $9.6m 0.02% Added +33.9k +33,903
38 Ascent Group, LLC 0.29% of their portfolio VIRGINIA BEACH, VA 407,832407.8k $9.6m $9.6m 0.29% Added +24.0k +23,954
39 Archer Investment Management, LLC 3.12% of their portfolio AUSTIN, TX 388,496388.5k $9.1m $9.1m 3.12% Added +129.2k +129,203
40 Vise Technologies, Inc. 0.10% of their portfolio NEW YORK, NY 386,729386.7k $9.1m $9.1m 0.10% Added +319.1k +319,092
41 Perennial Investment Advisors, LLC 0.59% of their portfolio Los Angeles, CA 377,487377.5k $8.9m $8.9m 0.59% Added +225.4k +225,367
42 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 366,814366.8k $8.6m $8.6m 0.00% Reduced -9.6k -9,553
43 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 359,713359.7k $8.5m $8.5m 0.00% Added +286.1k +286,066
44 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 342,485342.5k $8.1m $8.1m 0.01% Added +50.9k +50,871
45 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 322,300322.3k $7.6m $7.6m 0.01% Added +258.0k +258,000
46 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 319,367319.4k $7.5m $7.5m 0.00% Reduced -323.5k -323,460
47 PARK AVENUE SECURITIES LLC 0.05% of their portfolio NEW YORK, NY 318,528318.5k $7.5m $7.5m 0.05% Added +61.1k +61,143
48 AE Wealth Management LLC 0.03% of their portfolio TOPEKA, KS 317,983318.0k $7.5m $7.5m 0.03% Added +91.2k +91,234
49 Stewardship Advisors, LLC 1.54% of their portfolio MOUNT JOY, PA 315,505315.5k $7.4m $7.4m 1.54% Added +74.8k +74,771
50 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 303,040303.0k $7.1m $7.1m 0.01% Added +2.9k +2,903
51 Perigon Wealth Management, LLC 0.11% of their portfolio SAN FRANCISCO, CA 288,905288.9k $6.8m $6.8m 0.11% Added +37.1k +37,101
52 Tortoise Investment Management, LLC 0.47% of their portfolio WHITE PLAINS, NY 265,440265.4k $6.2m $6.2m 0.47% Reduced -2.4k -2,396
53 Savant Capital, LLC 0.02% of their portfolio ROCKFORD, IL 260,254260.3k $6.0m $6.0m 0.02% New
54 SIMON QUICK ADVISORS, LLC 0.24% of their portfolio MORRISTOWN, NJ 257,730257.7k $6.1m $6.1m 0.24% Unchanged
55 SEEDS INVESTOR LLC 0.61% of their portfolio NEW YORK, NY 251,214251.2k $5.9m $5.9m 0.61% Added +14.0k +13,965
56 ROBINSON CAPITAL MANAGEMENT, LLC 2.54% of their portfolio GROSSE POINTE FARMS, MI 244,351244.4k $5.7m $5.7m 2.54% New
57 Golden State Wealth Management, LLC 0.52% of their portfolio SANTA ANA, CA 240,582240.6k $5.7m $5.7m 0.52% Added +237.8k +237,795
58 Goodman Advisory Group, LLC 1.21% of their portfolio NEEDHAM, MA 224,404224.4k $5.3m $5.3m 1.21% Reduced -20.0k -20,000
59 Concurrent Investment Advisors, LLC 0.04% of their portfolio Tampa, FL 223,380223.4k $5.3m $5.3m 0.04% Added +58.1k +58,052
60 TRAPHAGEN INVESTMENT ADVISORS LLC 0.37% of their portfolio ORADELL, NJ 219,917219.9k $5.2m $5.2m 0.37% Added +1.6k +1,621
61 Synergy Investment Management, LLC 1.23% of their portfolio ALTAMONTE SPRINGS, FL 216,174216.2k $5.1m $5.1m 1.23% Added +71.7k +71,744
62 TRUSTMARK BANK TRUST DEPARTMENT 0.29% of their portfolio JACKSON, MS 208,864208.9k $4.9m $4.9m 0.29% Reduced -5.0k -5,041
63 Petix & Botte Co 0.98% of their portfolio LA MESA, CA 206,208206.2k $4.9m $4.9m 0.98% Added +112.0k +111,969
64 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 204,844204.8k $4.8m $4.8m 0.01% Added +111.6k +111,628
65 MGO ONE SEVEN LLC 0.08% of their portfolio Beachwood, OH 200,311200.3k $4.7m $4.7m 0.08% Added +40.1k +40,061
66 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 195,005195.0k $4.6m $4.6m 0.02% Reduced -27.9k -27,877
67 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 194,307194.3k $4.6m $4.6m 0.01% Added +13.3k +13,340
68 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.07% of their portfolio ST. LOUIS, MO 192,712192.7k $4.5m $4.5m 0.07% Reduced -16.1k -16,069
69 1900 WEALTH MANAGEMENT LLC 0.25% of their portfolio SAN ANTONIO, TX 191,594191.6k $4.5m $4.5m 0.25% Reduced -11.1k -11,094
70 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 191,575191.6k $4.5m $4.5m 0.01% Added +5.1k +5,096
71 Skyline Advisors, Inc. 1.39% of their portfolio BELLINGHAM, WA 188,506188.5k $4.4m $4.4m 1.39% Added +154.5k +154,463
72 Quadrant Private Wealth Management, LLC 0.99% of their portfolio Center Valley, PA 188,024188.0k $4.4m $4.4m 0.99% Added +8.7k +8,717
73 Stratos Wealth Partners, LTD. 0.04% of their portfolio BEACHWOOD, OH 185,581185.6k $4.4m $4.4m 0.04% Added +44.9k +44,862
74 ELEVATION POINT WEALTH PARTNERS, LLC 0.08% of their portfolio DENVER, CO 183,859183.9k $4.3m $4.3m 0.08% Added +5.3k +5,332
75 ENTRUST FINANCIAL LLC 2.76% of their portfolio WAYNE, PA 180,893180.9k $4.3m $4.3m 2.76% Added +11.5k +11,497
76 MONETA GROUP INVESTMENT ADVISORS LLC 0.03% of their portfolio ST LOUIS, MO 180,536180.5k $4.2m $4.2m 0.03% Reduced -15.3k -15,268
77 ASHTON THOMAS SECURITIES, LLC 0.63% of their portfolio ROCHESTER, NY 179,806179.8k $4.2m $4.2m 0.63% Added +7.9k +7,860
78 Connecticut Capital Management Group, LLC 3.31% of their portfolio MILFORD, CT 174,723174.7k $4.1m $4.1m 3.31% Added +6.7k +6,742
79 Quadrature Capital Ltd 0.03% of their portfolio LONDON, X0 170,490170.5k $4.0m $4.0m 0.03% New
80 Garden State Investment Advisory Services LLC 0.78% of their portfolio Red Bank, NJ 169,510169.5k $4.0m $4.0m 0.78% Added +109.7k +109,714
81 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 157,372157.4k $3.7m $3.7m 0.01% Added +50.2k +50,162
82 Clark Capital Management Group, Inc. 0.02% of their portfolio PHILADELPHIA, PA 153,729153.7k $3.6m $3.6m 0.02% Added +540 +540
83 McAdam, LLC 0.13% of their portfolio Philadelphia, PA 145,301145.3k $3.4m $3.4m 0.13% Reduced -11.8k -11,803
84 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 141,343141.3k $3.3m $3.3m 0.00% Added +6.1k +6,103
85 PRINCIPAL SECURITIES, INC. 0.04% of their portfolio DES MOINES, IA 129,563129.6k $3.0m $3.0m 0.04% Added +8.3k +8,276
86 Keystone Financial Group 0.18% of their portfolio LEXINGTON, KY 128,165128.2k $3.0m $3.0m 0.18% Added +1.6k +1,591
87 Ocean Park Asset Management, LLC 0.14% of their portfolio SANTA MONICA, CA 123,100123.1k $2.9m $2.9m 0.14% New
88 CHOREO, LLC 0.03% of their portfolio ROCKFORD, IL 118,538118.5k $2.8m $2.8m 0.03% Reduced -4 -4
89 ShoreHaven Wealth Partners, LLC 0.82% of their portfolio Red Bank, NJ 110,405110.4k $2.6m $2.6m 0.82% Added +7.1k +7,082
90 Strategies Wealth Advisors, LLC 0.22% of their portfolio GRAND RAPIDS, MI 106,829106.8k $2.5m $2.5m 0.22% Added +96.2k +96,153
91 FINANCIAL LIFE ADVISORS 0.69% of their portfolio SAN ANTONIO, TX 103,740103.7k $2.4m $2.4m 0.69% Added +86.3k +86,316
92 Meadowbrook Advisors Group, LLC 1.23% of their portfolio BEDMINSTER, NJ 97,68297.7k $2.3m $2.3m 1.23% Reduced -19.9k -19,912
93 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 97,15497.2k $2.3m $2.3m 0.03% Added +1.9k +1,868
94 Collaborative Wealth Managment Inc. 0.95% of their portfolio LAKE MARY, FL 96,09396.1k $2.3m $2.3m 0.95% Added +18.8k +18,840
95 Leeward Financial Partners, LLC 0.59% of their portfolio Bellevue, WA 95,44195.4k $2.2m $2.2m 0.59% Reduced -249 -249
96 Elequin Capital, LP 0.07% of their portfolio NEW YORK, NY 94,63794.6k $2.2m $2.2m 0.07% Added +28.9k +28,937
97 Rochester Wealth Strategies, LLC 1.23% of their portfolio ROCHESTER, MI 94,25794.3k $2.2m $2.2m 1.23% Reduced -7.0k -7,025
98 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 91,10191.1k $2.1m $2.1m 0.02% Added +553 +553
99 Per Stirling Capital Management, LLC. 0.20% of their portfolio AUSTIN, TX 90,87990.9k $2.1m $2.1m 0.20% Added +12.0k +11,993
100 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 86,91186.9k $2.0m $2.0m 0.01% Added +1.1k +1,114