Advisory Alpha LLC Has $5.78 Million Stock Holdings in Invesco Variable Rate Preferred ETF $VRP

Advisory Alpha LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 25.9% during the third quarter, HoldingsChannel reports. The firm owned 233,954 shares of the company’s stock after acquiring an additional 48,185 shares during the quarter. Advisory Alpha LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $5,784,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Nordwand Advisors LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the second quarter valued at $39,000. Advisors Preferred LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 296.9% during the 3rd quarter. Advisors Preferred LLC now owns 6,612 shares of the company’s stock worth $164,000 after purchasing an additional 4,946 shares during the last quarter. Crumly & Associates Inc. bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 3rd quarter valued at about $212,000. Diversify Advisory Services LLC acquired a new position in Invesco Variable Rate Preferred ETF during the second quarter worth approximately $220,000. Finally, Huntleigh Advisors Inc. acquired a new position in shares of Invesco Variable Rate Preferred ETF during the 3rd quarter worth approximately $226,000.

Invesco Variable Rate Preferred ETF Stock Performance

VRP opened at $24.39 on Thursday. The stock’s fifty day simple moving average is $24.45 and its 200 day simple moving average is $24.55. Invesco Variable Rate Preferred ETF has a 1-year low of $23.03 and a 1-year high of $24.93.

Invesco Variable Rate Preferred ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.1019 per share. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

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.