Cambridge Investment Research Advisors Inc. reduced its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) by 14.1% in the first quarter, HoldingsChannel.com reports. The fund owned 213,592 shares of the company’s stock after selling 34,957 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $5,177,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Mechanics Financial Corp bought a new stake in Invesco Variable Rate Preferred ETF during the fourth quarter worth approximately $27,000. Harbour Investments Inc. raised its stake in Invesco Variable Rate Preferred ETF by 238.7% during the 4th quarter. Harbour Investments Inc. now owns 2,838 shares of the company’s stock valued at $69,000 after purchasing an additional 2,000 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 130.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,794 shares of the company’s stock valued at $116,000 after acquiring an additional 2,714 shares in the last quarter. Ancora Advisors LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 36.5% during the 4th quarter. Ancora Advisors LLC now owns 5,643 shares of the company’s stock valued at $137,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Accel Wealth Management purchased a new position in shares of Invesco Variable Rate Preferred ETF during the 1st quarter valued at $229,000.
Invesco Variable Rate Preferred ETF Price Performance
VRP stock opened at $24.39 on Friday. Invesco Variable Rate Preferred ETF has a 1 year low of $23.03 and a 1 year high of $24.67. The company has a fifty day simple moving average of $24.16 and a 200 day simple moving average of $24.20.
Invesco Variable Rate Preferred ETF Company Profile
The Invesco Variable Rate Preferred ETF (VRP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of variable- and floating-rate preferred stocks. VRP was launched on May 1, 2014 and is managed by Invesco.
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