Invesco Variable Rate Preferred ETF $VRP Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 47.8% during the third quarter, Holdings Channel.com reports. The firm owned 1,737,992 shares of the company’s stock after acquiring an additional 561,811 shares during the period. JPMorgan Chase & Co.’s holdings in Invesco Variable Rate Preferred ETF were worth $42,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Advisory Services Network LLC grew its position in Invesco Variable Rate Preferred ETF by 1.4% in the 3rd quarter. Advisory Services Network LLC now owns 33,782 shares of the company’s stock valued at $834,000 after buying an additional 458 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 1.4% during the 2nd quarter. Corient Private Wealth LLC now owns 36,992 shares of the company’s stock worth $904,000 after buying an additional 520 shares in the last quarter. Cary Street Partners Financial LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 0.9% during the 2nd quarter. Cary Street Partners Financial LLC now owns 66,372 shares of the company’s stock worth $1,623,000 after buying an additional 600 shares in the last quarter. Clear Harbor Asset Management LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF by 1.8% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 34,135 shares of the company’s stock worth $843,000 after acquiring an additional 600 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 6.6% in the third quarter. Citizens Financial Group Inc. RI now owns 10,658 shares of the company’s stock valued at $263,000 after acquiring an additional 658 shares in the last quarter.

Invesco Variable Rate Preferred ETF Trading Down 0.9%

Invesco Variable Rate Preferred ETF stock opened at $24.03 on Friday. Invesco Variable Rate Preferred ETF has a 12-month low of $23.03 and a 12-month high of $24.93. The firm has a 50 day simple moving average of $24.42 and a 200-day simple moving average of $24.52.

Invesco Variable Rate Preferred ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.1019 per share. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Monday, February 23rd.

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.