Invesco Exchange-Traded Fund Trust II - Invesco National AMT-Free Municipal Bond ETF
US ˙ ARCA ˙ US46138E5371

SecurityPZA / Invesco Exchange-Traded Fund Trust II - Invesco National AMT-Free Municipal Bond ETF
InstitutionCwm, Llc
Latest Disclosed Ownership2,506 shares
Latest Disclosed Value $ 57,588
Cwm, Llc reports 571.85% increase in ownership of PZA / Invesco Exchange-Traded Fund Trust II - Invesco National AMT-Free Municipal Bond ETF

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 2,506 shares of Invesco Exchange-Traded Fund Trust II - Invesco National AMT-Free Municipal Bond ETF (US:PZA) valued at $57,588 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 373 shares of Invesco Exchange-Traded Fund Trust II - Invesco National AMT-Free Municipal Bond ETF. The current value of the position is $58,716 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 2,506 2,133 571.85 58 0.0001
2026-01-26 2025-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 373 -2,207 -85.54 0 0.0000
2025-10-15 2025-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 2,580 2,231 639.26 0 0.0002
2025-07-25 2025-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 349 -504 -59.09 0 0.0000
2025-05-01 2025-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 853 0 0.00 0 0.0001
2025-02-04 2024-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 853 0 0.00 0 0.0001
2024-10-08 2024-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 853 0 0.00 0 0.0001
2024-07-10 2024-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 853 -1,087 -56.03 0 0.0001
2024-04-05 2024-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 1,940 -3,888 -66.71 0 0.0002
2024-02-01 2023-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 5,828 -98 -1.65 0 0.0008
2023-10-11 2023-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 5,926 0 0.00 0 0.0008
2023-08-03 2023-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 5,926 0 0.00 0 0.0009
2023-05-01 2023-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 5,926 -5,887 -49.83 0 0.0009
2023-02-01 2022-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 11,813 -18,009 -60.39 0 -100.00 0.0020
2022-10-27 2022-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 29,822 3,213 12.07 658 5.45 0.0052
2022-07-28 2022-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 26,609 19,557 277.33 624 254.55 0.0048
2022-04-21 2022-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 7,052 1,868 36.03 176 24.82 0.0012
2022-01-31 2021-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 5,184 4,275 470.30 141 464.00 0.0010
2021-09-15 2021-06-30 13F/A-1 INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 909 0 0.00 25 0.00 0.0002
2021-07-29 2021-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 909 0 25 0.0002
2021-09-15 2021-03-31 13F/A-1 INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 909 0 0.00 25 0.00 0.0002
2021-04-27 2021-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 909 0 24 0.0002
2021-09-15 2020-12-31 13F/A-1 INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 909 0 0.00 25 0.00 0.0002
2021-01-27 2020-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 1,108 199 30 0.0003
2021-09-15 2020-09-30 13F/A-1 INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 909 0 0.00 25 0.00 0.0002
2020-10-19 2020-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 1,018 109 27 0.0003
2021-09-15 2020-06-30 13F/A-1 INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 909 0 0.00 25 0.00 0.0002
2020-07-22 2020-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 1,018 109 27 0.0003
2021-09-15 2020-03-31 13F/A-1 INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 909 0 0.00 25 0.00 0.0002
2020-04-28 2020-03-31 13F INVESCO EXCHANGE-TRADED FD T NATL AMT MUNI 46138E537 1,040 131 27 0.0004
2021-09-14 2019-12-31 13F/A-1 INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 909 0 0.00 25 0.00 0.0002
2020-01-27 2019-12-31 13F INVESCO EXCHNG TRADED FD TR NATL AMT MUNI 46138E537 758 -151 20 0.0003
2021-09-14 2019-09-30 13F/A-1 INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 909 0 0.00 25 0.00 0.0002
2021-09-14 2019-06-30 13F/A-1 INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 909 0 0.00 25 0.00 0.0002
2019-07-31 2019-06-30 13F INVESCO EXCHNG TRADED FD TR NATL AMT MUNI 46138E537 149 -760 4 0.0001
2021-09-02 2019-03-31 13F/A-1 INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 909 909 25 0.0002
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.