Invesco Exchange-Traded Fund Trust II - Invesco Variable Rate Preferred ETF
US ˙ ARCA ˙ US46138G8704

SecurityVRP / Invesco Exchange-Traded Fund Trust II - Invesco Variable Rate Preferred ETF
InstitutionKovack Advisors, Inc.
Latest Disclosed Ownership20,656 shares
Latest Disclosed Value $ 497,366
Kovack Advisors, Inc. reports 11.37% decrease in ownership of VRP / Invesco Exchange-Traded Fund Trust II - Invesco Variable Rate Preferred ETF

On May 12, 2026 - Kovack Advisors, Inc. filed a 13F-HR form disclosing ownership of 20,656 shares of Invesco Exchange-Traded Fund Trust II - Invesco Variable Rate Preferred ETF (US:VRP) valued at $495,331 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on February 17, 2026 disclosing 23,307 shares of Invesco Exchange-Traded Fund Trust II - Invesco Variable Rate Preferred ETF. This represents a change in shares of -11.37% during the quarter. The current value of the position is $503,387 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.

Upgrade to unlock premium data and export to Excel .

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)
2026-05-12 2026-03-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 20,656 -2,651 -11.37 497 -12.35 0.0265
2026-02-17 2025-12-31 13F/A-1 INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 23,307 12,930 124.60 567 121.48 0.0264
2026-02-12 2025-12-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 23,307 12,930 478 0.0366
2025-11-10 2025-09-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 10,377 -1,726 -14.26 256 -13.22 0.0241
2025-08-04 2025-06-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 12,103 -516 -4.09 296 -3.28 0.0290
2025-05-06 2025-03-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 12,619 1,384 12.32 306 12.55 0.0324
2025-02-05 2024-12-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 11,235 885 8.55 272 7.11 0.0267
2024-11-05 2024-09-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 10,350 685 7.09 253 9.52 0.0268
2024-08-05 2024-06-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 9,665 1,045 12.12 232 13.24 0.0255
2024-04-19 2024-03-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 8,620 8,620 205 0.0248
2024-02-02 2023-12-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 0 -9,210 -100.00 0 -100.00
2023-10-19 2023-09-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 9,210 -800 -7.99 206 -7.21 0.0287
2023-07-21 2023-06-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 10,010 -2,200 -18.02 223 -17.78 0.0285
2023-04-21 2023-03-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 12,210 -4,000 -24.68 270 -25.41 0.0369
2023-02-22 2022-12-31 13F INVSC VARIABLE RATE PREFERRED ETF ETF 46138G870 16,210 -850 -4.98 363 -3.21 0.0530
2022-11-14 2022-09-30 13F INVSC VARIABLE RATE PREFERRED ETF ETF 46138G870 17,060 0 0.00 374 -1.32 0.0549
2022-08-10 2022-06-30 13F INVSC VARIABLE RATE PREFERRED ETF ETF 46138G870 17,060 0 0.00 379 -8.89 0.0500
2022-05-16 2022-03-31 13F INVSC VARIABLE RATE PREFERRED ETF ETF 46138G870 17,060 2,600 17.98 416 10.93 0.0427
2022-01-18 2021-12-31 13F INVSC VARIABLE RATE PREFERRED ETF ETF 46138G870 14,460 720 5.24 375 4.17 0.0362
2021-11-03 2021-09-30 13F INVSC VARIABLE RATE PREFERRED ETF ETF 46138G870 13,740 0 0.00 360 -0.28 0.0391
2021-07-29 2021-06-30 13F INVSC VARIABLE RATE PREFERRED ETF ETF 46138G870 13,740 2,175 18.81 361 20.74 0.0411
2021-05-04 2021-03-31 13F INVSC VARIABLE RATE PREFERRED ETF ETF 46138G870 11,565 0 0.00 299 -0.33 0.0389
2021-01-14 2020-12-31 13F INVSC VARIABLE RATE PREFERRED ETF ETF 46138G870 11,565 -5,255 -31.24 300 -27.54 0.0432
2020-11-02 2020-09-30 13F INVSC VARIABLE RATE PREFERRED ETF VARIABLE RATE PREF ETF 46138G870 16,820 -100 -0.59 414 4.55 0.0737
2020-07-31 2020-06-30 13F INVSC VARIABLE RATE PREFERRED ETF ETF 46138G870 16,920 -2,750 -13.98 396 -6.16 0.0771
2020-04-30 2020-03-31 13F INVSC VARIABLE RATE PREFERRED ETF VARIABLE RATE PREFERRED ETF 46138G870 19,670 -2,180 -9.98 422 -25.18 0.0975
2020-01-29 2019-12-31 13F INVSC VARIABLE RATE PREFERRED ETF VARIABLE RATE PREFERRED ETF 46138G870 21,850 4,403 25.24 564 27.03 0.1008
2019-10-31 2019-09-30 13F INVSC VARIABLE RATE PREFERRED ETF VARIABLE RATE PREFERRED ETF 46138G870 17,447 -13 -0.07 444 2.07 0.0911
2019-08-14 2019-06-30 13F INVESCO EXCHNG TRADED FD TR II VAR RATE PFD VAR RATE PFD 46138G870 17,460 1,955 12.61 435 14.17 0.0994
2019-05-03 2019-03-31 13F INVESCO EXCHNG TRADED FD TR II VAR RATE PFD VAR RATE PFD 46138G870 15,505 -4,725 -23.36 381 -17.53 0.0950
2019-02-06 2018-12-31 13F INVESCO EXCHNG TRADED FD TR II VAR RATE PFD TR II VAR RATE PFD 46138G870 20,230 -1,630 -7.46 462 -15.07 0.1351
2018-10-09 2018-09-30 13F INVESCO EXCHNG TRADED FD TR II VAR RATE PFD II VAR RATE PFD 46138G870 21,860 21,860 544 0.1403
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.