Stephens Inc. AR Boosts Stock Position in Invesco Variable Rate Preferred ETF $VRP

Stephens Inc. AR increased its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 4.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,478,797 shares of the company’s stock after purchasing an additional 64,978 shares during the period. Stephens Inc. AR owned 1.41% of Invesco Variable Rate Preferred ETF worth $35,462,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VRP. Bank of America Corp DE grew its position in Invesco Variable Rate Preferred ETF by 6.2% during the third quarter. Bank of America Corp DE now owns 8,491,380 shares of the company’s stock worth $209,737,000 after buying an additional 497,911 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Invesco Variable Rate Preferred ETF by 11.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,508,606 shares of the company’s stock valued at $85,364,000 after acquiring an additional 360,543 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 17.8% during the fourth quarter. LPL Financial LLC now owns 2,652,479 shares of the company’s stock worth $64,535,000 after purchasing an additional 399,914 shares in the last quarter. UBS Group AG grew its holdings in shares of Invesco Variable Rate Preferred ETF by 1.0% during the fourth quarter. UBS Group AG now owns 2,175,176 shares of the company’s stock worth $52,922,000 after purchasing an additional 21,479 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Invesco Variable Rate Preferred ETF by 12.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,957,799 shares of the company’s stock worth $47,633,000 after purchasing an additional 219,807 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.41 on Monday. Invesco Variable Rate Preferred ETF has a 1 year low of $23.71 and a 1 year high of $24.93. The company has a 50 day simple moving average of $24.33 and a two-hundred day simple moving average of $24.34.

Invesco Variable Rate Preferred ETF 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.