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
InstitutionUBS Group AG
Latest Disclosed Ownership21,527,448 shares
Latest Disclosed Value $ 494,700,755
UBS Group AG reports 1,038.79% increase in ownership of PZA / Invesco Exchange-Traded Fund Trust II - Invesco National AMT-Free Municipal Bond ETF

On May 5, 2026 - UBS Group AG filed a 13F-HR form disclosing ownership of 21,527,448 shares of Invesco Exchange-Traded Fund Trust II - Invesco National AMT-Free Municipal Bond ETF (US:PZA) valued at $494,700,755 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 29, 2026 disclosing 1,890,387 shares of Invesco Exchange-Traded Fund Trust II - Invesco National AMT-Free Municipal Bond ETF. This represents a change in shares of 1,038.79% during the quarter. The current value of the position is $503,096,460 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)
2026-05-05 2026-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 21,527,448 19,637,061 1,038.79 494,701 1,028.47 0.0139
2026-01-29 2025-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 1,890,387 -7,059 -0.37 43,838 0.06 0.0013
2025-11-13 2025-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 1,897,446 605,896 46.91 43,812 51.51 0.0069
2025-08-14 2025-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 1,291,550 -1,652,694 -56.13 28,918 -57.37 0.0050
2025-05-13 2025-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 2,944,244 53,080 1.84 67,835 -0.62 0.0125
2025-02-14 2024-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 2,891,164 -53,858 -1.83 68,260 -4.02 0.0126
2024-11-14 2024-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 2,945,022 -58,735 -1.96 71,122 -0.01 0.0155
2024-08-14 2024-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 3,003,757 -156,760 -4.96 71,129 -5.56 0.0176
2024-05-13 2024-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 3,160,517 420,037 15.33 75,315 13.66 0.0188
2024-02-09 2023-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 2,740,480 -268,650 -8.93 66,265 -0.63 0.0198
2023-11-09 2023-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 3,009,130 47,222 1.59 66,682 -4.61 0.0230
2023-08-11 2023-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 2,961,908 -4,228 -0.14 69,901 -0.48 0.0236
2023-05-12 2023-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 2,966,136 34,890 1.19 70,238 4.46 0.0257
2023-02-08 2022-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 2,931,246 -168,484 -5.44 67,243 -1.75 0.0251
2022-11-10 2022-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 3,099,730 -374,979 -10.79 68,442 -15.97 0.0300
2022-08-10 2022-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 3,474,709 -702,508 -16.82 81,447 -21.79 0.0334
2022-05-16 2022-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 4,177,217 -3,898 -0.09 104,138 -8.13 0.0347
2022-02-14 2021-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 4,181,115 79,517 1.94 113,350 2.89 0.0325
2021-11-15 2021-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 4,101,598 347,989 9.27 110,169 7.67 0.0347
2021-08-13 2021-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 3,753,609 -14,630 -0.39 102,323 1.47 0.0330
2021-05-12 2021-03-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 3,768,239 -35,188 -0.93 100,838 -2.20 0.0335
2021-02-11 2020-12-31 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 3,803,427 -8,770,113 -69.75 103,111 -69.21 0.0349
2020-11-12 2020-09-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 12,573,540 590,708 4.93 334,833 5.21 0.1262
2020-07-31 2020-06-30 13F INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537 11,982,832 1,555,821 14.92 318,264 18.31 0.1344
2020-05-01 2020-03-31 13F INVESCO EXCHANGE-TRADED FD T NATL AMT MUNI 46138E537 10,427,011 269,316 2.65 269,017 0.09 0.1268
2020-02-14 2019-12-31 13F INVESCO EXCHNG TRADED FD TR NATL AMT MUNI 46138E537 10,157,695 595,378 6.23 268,773 5.91 0.0935
2019-11-14 2019-09-30 13F INVESCO EXCHNG TRADED FD TR NATL AMT MUNI 46138E537 9,562,317 547,272 6.07 253,784 7.74 0.0977
2019-08-14 2019-06-30 13F INVESCO EXCHNG TRADED FD TR NATL AMT MUNI 46138E537 9,015,045 479,731 5.62 235,563 7.56 0.0907
2019-05-14 2019-03-31 13F INVESCO EXCHNG TRADED FD TR NATL AMT MUNI 46138E537 8,535,314 610,320 7.70 219,016 10.63 0.0905
2019-02-14 2018-12-31 13F INVESCO EXCHNG TRADED FD TR NATL AMT MUNI 46138E537 7,924,994 -662,330 -7.71 197,966 -7.01 0.0898
2018-11-14 2018-09-30 13F INVESCO EXCHNG TRADED FD TR NATL AMT MUNI 46138E537 8,587,324 336,104 4.07 212,880 2.71 0.0844
2018-08-14 2018-06-30 13F INVESCO EXCHNG TRADED FD TR NATL AMT MUNI 46138E537 8,251,220 8,251,220 207,271 0.0898
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.