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
InstitutionMcAdam, LLC
Latest Disclosed Ownership157,104 shares
Latest Disclosed Value $ 3,610,250
McAdam, LLC reports 5.74% decrease in ownership of PZA / Invesco Exchange-Traded Fund Trust II - Invesco National AMT-Free Municipal Bond ETF

On May 8, 2026 - McAdam, LLC filed a 13F-HR form disclosing ownership of 157,104 shares of Invesco Exchange-Traded Fund Trust II - Invesco National AMT-Free Municipal Bond ETF (US:PZA) valued at $3,610,250 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 166,678 shares of Invesco Exchange-Traded Fund Trust II - Invesco National AMT-Free Municipal Bond ETF. This represents a change in shares of -5.74% during the quarter. The current value of the position is $3,671,520 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)
2026-05-08 2026-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 157,104 -9,574 -5.74 3,610 -6.60 0.1627
2026-02-13 2025-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 166,678 -6,205 -3.59 3,865 -3.16 0.1769
2025-10-29 2025-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 172,883 -39,288 -18.52 3,992 -15.98 0.1967
2025-07-15 2025-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 212,171 17,846 9.18 4,751 6.10 0.2601
2025-05-21 2025-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 194,325 -135,557 -41.09 4,477 -42.51 0.2770
2025-01-24 2024-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 329,882 22,108 7.18 7,789 4.79 0.4250
2024-10-22 2024-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 307,774 -10,710 -3.36 7,433 -1.45 0.4170
2024-07-24 2024-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 318,484 24,502 8.33 7,542 7.65 0.4537
2024-04-23 2024-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 293,982 -16,518 -5.32 7,006 -6.69 0.4491
2024-02-05 2023-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 310,500 71,587 29.96 7,508 41.80 0.5414
2023-10-31 2023-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 238,913 51,533 27.50 5,294 19.72 0.4340
2023-08-02 2023-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 187,380 224 0.12 4,422 -0.20 0.3649
2023-04-24 2023-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 187,156 178,966 2,185.18 4,432 0.3989
2023-01-27 2022-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 8,190 -132,312 -94.17 0 -100.00 0.0219
2022-10-24 2022-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 140,502 -29,716 -17.46 3,102 -22.26 0.3363
2022-07-15 2022-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 170,218 38,781 29.51 3,990 21.76 0.4219
2022-04-07 2022-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 131,437 123,247 1,504.85 3,277 1,376.13 0.3099
2022-01-07 2021-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 8,190 8,190 222 0.0219
2021-10-05 2021-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 0 -7,395 -100.00 0 -100.00
2021-08-02 2021-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 7,395 7,395 203 0.0230
2021-01-12 2020-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 0 -7,539 -100.00 0 -100.00
2020-11-13 2020-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 7,539 -661 -8.06 201 -7.80 0.0382
2020-07-31 2020-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 8,200 8,200 218 0.0463
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.