LISTED FD TR

Ticker: BETZ CUSIP: 53656F789 Class: ETF

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (5)

Triumph Capital Management

Value ($000) $15 Shares 700

Kestra Advisory Services, LLC

Value ($000) $30 Shares 1,450

FLAGSHIP HARBOR ADVISORS, LLC

Value ($000) $14 Shares 680

INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC

Value ($000) $6 Shares 305

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

Value ($000) $0 Shares 20

Institution	Shares	Value ($000)
Triumph Capital Management	700	$15
Kestra Advisory Services, LLC	1,450	$30
FLAGSHIP HARBOR ADVISORS, LLC	680	$14
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC	305	$6
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	20	$0

Increased Positions (9)

FLOW TRADERS U.S. LLC

Value ($000) $1 (+128.2%) Shares 70,178 (+159.6%)

LPL Financial LLC

Value ($000) $286 (-9.8%) Shares 13,635 (+2.6%)

FMR LLC

Value ($000) $20 (+17.9%) Shares 968 (+34.3%)

BANK OF MONTREAL /CAN/

Value ($000) $5 (+164.7%) Shares 262 (+201.1%)

MORGAN STANLEY

Value ($000) $93 (-10.1%) Shares 4,442 (+2.3%)

IFP Advisors, Inc

Value ($000) $17 (-8.4%) Shares 823 (+4.2%)

Strategic Investment Solutions, Inc. /IL

Value ($000) $13 (-8.7%) Shares 612 (+3.9%)

Parallel Advisors, LLC

Value ($000) $2 (-8.1%) Shares 106 (+5.0%)

Capital Advisors, Ltd. LLC

Value ($000) $0 (-8.2%) Shares 2,166 (+4.5%)

Institution	Prev Shares	Curr Shares	Change
FLOW TRADERS U.S. LLC	27,038	70,178	+43,140 (+159.6%)
LPL Financial LLC	13,287	13,635	+348 (+2.6%)
FMR LLC	721	968	+247 (+34.3%)
BANK OF MONTREAL /CAN/	87	262	+175 (+201.1%)
MORGAN STANLEY	4,343	4,442	+99 (+2.3%)
IFP Advisors, Inc	790	823	+33 (+4.2%)
Strategic Investment Solutions, Inc. /IL	589	612	+23 (+3.9%)
Parallel Advisors, LLC	101	106	+5 (+5.0%)
Capital Advisors, Ltd. LLC	2,072	2,166	+94 (+4.5%)

Decreased Positions (8)

JANE STREET GROUP, LLC

Value ($000) $627 (-32.4%) Shares 29,868 (-23.0%)

OSAIC HOLDINGS, INC.

Value ($000) $91 (-21.9%) Shares 4,349 (-6.9%)

SIMPLEX TRADING, LLC

Value ($000) $2 (+9468.8%) Shares 73 (-89.6%)

Wealthfront Advisers LLC

Value ($000) $208 (-13.5%) Shares 9,893 (-1.6%)

Rockefeller Capital Management L.P.

Value ($000) $50 (-13.5%) Shares 2,363 (-1.6%)

Aptus Capital Advisors, LLC

Value ($000) $2 (-33.6%) Shares 102 (-24.4%)

Cambridge Investment Research Advisors, Inc.

Value ($000) $0 (-45.5%) Shares 16,852 (-38.1%)

CWM, LLC

Value ($000) $0 (-19.6%) Shares 3,733 (-8.1%)

Institution	Prev Shares	Curr Shares	Change
JANE STREET GROUP, LLC	38,808	29,868	-8,940 (-23.0%)
OSAIC HOLDINGS, INC.	4,669	4,349	-320 (-6.9%)
SIMPLEX TRADING, LLC	704	73	-631 (-89.6%)
Wealthfront Advisers LLC	10,057	9,893	-164 (-1.6%)
Rockefeller Capital Management L.P.	2,401	2,363	-38 (-1.6%)
Aptus Capital Advisors, LLC	135	102	-33 (-24.4%)
Cambridge Investment Research Advisors, Inc.	27,218	16,852	-10,366 (-38.1%)
CWM, LLC	4,063	3,733	-330 (-8.1%)

Exited Positions (9)

Advisors Preferred, LLC

Value ($000) $258 Shares 10,920

Csenge Advisory Group

Value ($000) $235 Shares 9,855

GTS SECURITIES LLC

Value ($000) $213 Shares 8,935

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

Value ($000) $209 Shares 9,237

Future Financial Wealth Managment LLC

Value ($000) $5 Shares 201

UBS Group AG

Value ($000) $35 Shares 1,469

PRINCIPAL SECURITIES, INC.

Value ($000) $2 Shares 88

PNC Financial Services Group, Inc.

Value ($000) $2 Shares 66

Wealthspire Advisors, LLC

Value ($000) $0 Shares 7

Institution	Prev Shares	Prev Value ($000)
Advisors Preferred, LLC	10,920	$258
Csenge Advisory Group	9,855	$235
GTS SECURITIES LLC	8,935	$213
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	9,237	$209
Future Financial Wealth Managment LLC	201	$5
UBS Group AG	1,469	$35
PRINCIPAL SECURITIES, INC.	88	$2
PNC Financial Services Group, Inc.	66	$2
Wealthspire Advisors, LLC	7	$0