Invesco Variable Rate Preferred ETF $VRP Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp raised its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2,083.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,709 shares of the company’s stock after purchasing an additional 87,509 shares during the period. Fifth Third Bancorp’s holdings in Invesco Variable Rate Preferred ETF were worth $2,199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Spectrum Asset Management Inc. lifted its stake in Invesco Variable Rate Preferred ETF by 798.8% in the 4th quarter. Spectrum Asset Management Inc. now owns 564,181 shares of the company’s stock valued at $13,727,000 after buying an additional 501,409 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of 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 valued at $209,737,000 after acquiring an additional 497,911 shares during the last quarter. Matthew Goff Investment Advisor LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF in the first quarter valued at approximately $9,708,000. LPL Financial LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 17.8% in the fourth quarter. LPL Financial LLC now owns 2,652,479 shares of the company’s stock worth $64,535,000 after acquiring an additional 399,914 shares during the last quarter. Finally, Cordoba Advisory Partners LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the fourth quarter worth approximately $9,066,000.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA VRP opened at $24.28 on Wednesday. The business has a fifty day moving average price of $24.34 and a 200 day moving average price of $24.34. Invesco Variable Rate Preferred ETF has a one year low of $23.71 and a one year high of $24.93.

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.