Invesco Variable Rate Preferred ETF $VRP Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 57,016.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,066 shares of the company’s stock after buying an additional 168,770 shares during the period. Franklin Resources Inc. owned 0.19% of Invesco Variable Rate Preferred ETF worth $4,134,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in shares of Invesco Variable Rate Preferred ETF by 6.8% during the first quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock worth $276,000 after purchasing an additional 721 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Invesco Variable Rate Preferred ETF by 5.9% in the 2nd quarter. D.A. Davidson & CO. now owns 46,200 shares of the company’s stock valued at $1,130,000 after purchasing an additional 2,572 shares in the last quarter. Invesco Ltd. boosted its stake in Invesco Variable Rate Preferred ETF by 1.0% during the 1st quarter. Invesco Ltd. now owns 265,003 shares of the company’s stock worth $6,424,000 after purchasing an additional 2,596 shares during the last quarter. CWM LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 37.1% during the second quarter. CWM LLC now owns 81,349 shares of the company’s stock worth $1,989,000 after buying an additional 22,004 shares in the last quarter. Finally, Endowment Wealth Management Inc. raised its position in shares of Invesco Variable Rate Preferred ETF by 9.7% in the second quarter. Endowment Wealth Management Inc. now owns 12,827 shares of the company’s stock valued at $314,000 after buying an additional 1,138 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA:VRP opened at $24.42 on Tuesday. Invesco Variable Rate Preferred ETF has a twelve month low of $23.03 and a twelve month high of $24.93. The company’s 50-day moving average price is $24.62 and its 200-day moving average price is $24.52.

About Invesco Variable Rate Preferred ETF

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.