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
InstitutionPinnacle Associates Ltd
Latest Disclosed Ownership28,081 shares
Latest Disclosed Value $ 673,385
Pinnacle Associates Ltd reports 10.93% decrease in ownership of VRP / Invesco Exchange-Traded Fund Trust II - Invesco Variable Rate Preferred ETF

On April 21, 2026 - Pinnacle Associates Ltd filed a 13F-HR form disclosing ownership of 28,081 shares of Invesco Exchange-Traded Fund Trust II - Invesco Variable Rate Preferred ETF (US:VRP) valued at $673,382 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 31,527 shares of Invesco Exchange-Traded Fund Trust II - Invesco Variable Rate Preferred ETF. This represents a change in shares of -10.93% during the quarter. The current value of the position is $683,772 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)
2026-04-21 2026-03-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 28,081 -3,446 -10.93 673 -12.26 0.0086
2026-02-05 2025-12-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 31,527 -2,875 -8.36 767 -9.66 0.0097
2025-11-13 2025-09-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 34,402 -2,250 -6.14 850 -5.25 0.0113
2025-08-04 2025-06-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 36,652 -950 -2.53 896 -1.65 0.0130
2025-05-06 2025-03-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 37,602 -3,279 -8.02 911 -7.79 0.0134
2025-02-14 2024-12-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 40,881 -5,266 -11.41 989 -7.23 0.0134
2024-10-25 2024-09-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 46,147 5,600 13.81 1,065 9.68 0.0181
2024-07-30 2024-06-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 40,547 -1,350 -3.22 972 -2.41 0.0152
2024-04-26 2024-03-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 41,897 -4,250 -9.21 996 -6.57 0.0157
2024-01-19 2023-12-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 46,147 -4,579 -9.03 1,065 -6.08 0.0179
2023-10-24 2023-09-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 50,726 -16,450 -24.49 1,135 -24.10 0.0211
2023-07-27 2023-06-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 67,176 -7,095 -9.55 1,495 -9.18 0.0259
2023-05-05 2023-03-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 74,271 -8,760 -10.55 1,645 -11.51 0.0336
2023-02-01 2022-12-31 13F/A-1 INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 83,031 -7,175 -7.95 1,859 -5.92 0.0405
2023-01-25 2022-12-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 85,231 -4,975 1,906 0.0000
2022-11-01 2022-09-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 90,206 -6,870 -7.08 1,976 -8.26 0.0454
2022-08-02 2022-06-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 97,076 -1,430 -1.45 2,154 -10.51 0.0470
2022-05-05 2022-03-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 98,506 -3,025 -2.98 2,407 -8.55 0.0426
2022-02-02 2021-12-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 101,531 -1,010 -0.98 2,632 -2.12 0.0454
2021-10-19 2021-09-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 102,541 -615 -0.60 2,689 -0.88 0.0496
2021-08-02 2021-06-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 103,156 10,925 11.85 2,713 13.80 0.0491
2021-05-12 2021-03-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 92,231 -5,930 -6.04 2,384 -6.40 0.0455
2021-01-26 2020-12-31 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 98,161 430 0.44 2,547 5.86 0.0517
2020-10-23 2020-09-30 13F INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 97,731 -3,175 -3.15 2,406 1.78 0.0571
2020-08-14 2020-06-30 13F INVESCO EXCHANGE-TRADED FD T VAR RATE PFD 46138G870 100,906 -2,305 -2.23 2,364 6.73 0.0583
2020-05-13 2020-03-31 13F INVESCO EXCHANGE-TRADED FD T VAR RATE PFD 46138G870 103,211 -12,015 -10.43 2,215 -25.57 0.0673
2020-02-03 2019-12-31 13F INVESCO EXCHNG TRADED FD TR VAR RATE PFD 46138G870 115,226 1,896 1.67 2,976 3.30 0.0652
2019-11-08 2019-09-30 13F INVESCO EXCHNG TRADED FD TR VAR RATE PFD 46138G870 113,330 -4,352 -3.70 2,881 -1.81 0.0679
2019-08-05 2019-06-30 13F INVESCO EXCHNG TRADED FD TR VAR RATE PFD 46138G870 117,682 2,503 2.17 2,934 3.64 0.0687
2019-05-10 2019-03-31 13F INVESCO EXCHNG TRADED FD TR VAR RATE PFD 46138G870 115,179 -1,517 -1.30 2,831 6.31 0.0640
2019-02-05 2018-12-31 13F INVESCO EXCHNG TRADED FD TR VAR RATE PFD 46138G870 116,696 -60,514 -34.15 2,663 -39.63 0.0687
2018-11-09 2018-09-30 13F INVESCO EXCHNG TRADED FD TR VAR RATE PFD 46138G870 177,210 -1,033 -0.58 4,411 -0.41 0.0915
2018-08-08 2018-06-30 13F INVESCO EXCHNG TRADED FD TR VAR RATE PFD 46138G870 178,243 178,243 4,429 0.0911
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.