ETF OPPORTUNITIES TRUST

Ticker: RAA CUSIP: 26923N397 Class: SMI 3FOURTEEN RE

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (5)

EVOLUTION WEALTH MANAGEMENT INC.

Value ($000) $60 Shares 2,190

Jacobi Capital Management LLC

Value ($000) $257 Shares 9,350

Private Advisor Group, LLC

Value ($000) $678 Shares 24,665

Value ($000) $46 Shares 1,687

Ronald Blue Trust, Inc.

Value ($000) $5 Shares 197

Institution	Shares	Value ($000)
EVOLUTION WEALTH MANAGEMENT INC.	2,190	$60
Jacobi Capital Management LLC	9,350	$257
Private Advisor Group, LLC	24,665	$678
MORGAN STANLEY	1,687	$46
Ronald Blue Trust, Inc.	197	$5

Increased Positions (5)

SMI Advisory Services, LLC

Value ($000) $209,321 (+6.3%) Shares 7,422,221 (+3.1%)

EverSource Wealth Advisors, LLC

Value ($000) $10,003 (+9.1%) Shares 363,866 (+7.7%)

GTS SECURITIES LLC

Value ($000) $1,650 (+50.6%) Shares 60,021 (+48.6%)

Straight Path Wealth Management

Value ($000) $511 (+7.5%) Shares 18,588 (+6.1%)

JT Stratford LLC

Value ($000) $1,249 (+5.1%) Shares 45,443 (+3.7%)

Institution	Prev Shares	Curr Shares	Change
SMI Advisory Services, LLC	7,200,535	7,422,221	+221,686 (+3.1%)
EverSource Wealth Advisors, LLC	337,882	363,866	+25,984 (+7.7%)
GTS SECURITIES LLC	40,384	60,021	+19,637 (+48.6%)
Straight Path Wealth Management	17,518	18,588	+1,070 (+6.1%)
JT Stratford LLC	43,821	45,443	+1,622 (+3.7%)

Decreased Positions (2)

IFP Advisors, Inc

Value ($000) $1,362 (-1.0%) Shares 49,533 (-2.3%)

TCI Wealth Advisors, Inc.

Value ($000) $305 (-0.2%) Shares 11,103 (-1.5%)

Institution	Prev Shares	Curr Shares	Change
IFP Advisors, Inc	50,701	49,533	-1,168 (-2.3%)
TCI Wealth Advisors, Inc.	11,268	11,103	-165 (-1.5%)

Exited Positions (1)

Value ($000) $25 Shares 922

Institution	Prev Shares	Prev Value ($000)
UBS Group AG	922	$25