PZA
Invesco National AMT-Free Municipal Bond ETF · Financial Services · Asset Management - Bonds
Momentum inputs (comparable managers):
holder breadth +30.0% ·
share flow +30.0% ·
net new positions +20.0%
— formula
Broad accumulation — rising shares across more holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 45 | +2 | 123.32M | $2.90B | +5 | −3 |
| Q1 2026 | 44 | 0 | 116.01M | $2.67B | +4 | −4 |
| Q4 2025 | 44 | -1 | 78.90M | $1.83B | +1 | −2 |
| Q3 2025 | 7 | +2 | 8.78M | $202.74M | +2 | — |
| Q2 2025 | 3 | -1 | 388.75K | $8.70M | — | −1 |
| Q1 2025 | 2 | -1 | 161.95K | $3.73M | — | −1 |
| Q4 2024 | 3 | +1 | 680.12K | $16.06M | +1 | — |
| Q3 2024 | 2 | 0 | 604.90K | $14.61M | — | — |
| Q2 2024 | 2 | — | 354.11K | $8.39M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Wellington Management ✦ | 5.08M | New | $117.20M | 0.0% | New | 1 | SEC ↗ |
| 2 | Wellington Management ✦ | 5.08M | New | $117.20M | 0.0% | New | 1 | SEC ↗ |
| 3 | Morgan Stanley ✦ | 2.24M | — | $51.83M | 0.0% | n/c | 1 | SEC ↗ |
| 4 | Morgan Stanley ✦ | 2.24M | — | $51.83M | 0.0% | n/c | 1 | SEC ↗ |
| 5 | JPMorgan Chase ✦ | 1.00M | — | $23.18M | 0.0% | n/c | 1 | SEC ↗ |
| 6 | JPMorgan Chase ✦ | 1.00M | — | $23.18M | 0.0% | n/c | 1 | SEC ↗ |
| 7 | JPMorgan Chase ✦ | 1.00M | — | $23.18M | 0.0% | n/c | 1 | SEC ↗ |
| 8 | JPMorgan Chase ✦ | 1.00M | — | $23.18M | 0.0% | n/c | 1 | SEC ↗ |
| 9 | JPMorgan Chase ✦ | 1.00M | — | $23.18M | 0.0% | n/c | 1 | SEC ↗ |
| 10 | JPMorgan Chase ✦ | 1.00M | — | $23.18M | 0.0% | n/c | 1 | SEC ↗ |
| 11 | JPMorgan Chase ✦ | 1.00M | — | $23.18M | 0.0% | n/c | 1 | SEC ↗ |
| 12 | JPMorgan Chase ✦ | 1.00M | — | $23.18M | 0.0% | n/c | 1 | SEC ↗ |
| 13 | JPMorgan Chase ✦ | 1.00M | — | $23.18M | 0.0% | n/c | 1 | SEC ↗ |
| 14 | JPMorgan Chase ✦ | 1.00M | — | $23.18M | 0.0% | n/c | 1 | SEC ↗ |
| 15 | Renaissance Technologies ✦ | 431.23K | +13.4% | $9.96M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 16 | Millennium Management ✦ | 12.79K | New | $295,206 | 0.0% | New | 1 | SEC ↗ |
| 17 | BlackRock ✦ (passive) | 8.99K | +428.3% | $207,602 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 18 | Fidelity (FMR) ✦ | 2.97K | -56.0% | $68,578 | 0.0% | ▼ Trim | 2 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Wellington Management | $117.20M | 0.0% |
| Wellington Management | $117.20M | 0.0% |
| Millennium Management | $295,206 | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 294 holders, 148.26M shares, $3.38B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.