Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Stock Position Raised by Park Avenue Securities LLC

Park Avenue Securities LLC raised its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 45.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 151,333 shares of the company’s stock after acquiring an additional 47,564 shares during the period. Park Avenue Securities LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $3,661,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VRP. Bank of New York Mellon Corp raised its position in Invesco Variable Rate Preferred ETF by 10.7% during the second quarter. Bank of New York Mellon Corp now owns 20,918 shares of the company’s stock valued at $501,000 after buying an additional 2,024 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Invesco Variable Rate Preferred ETF by 18.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock valued at $23,228,000 after purchasing an additional 152,981 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 0.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 459,464 shares of the company’s stock worth $11,008,000 after purchasing an additional 2,673 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Invesco Variable Rate Preferred ETF by 20.2% during the second quarter. Thrivent Financial for Lutherans now owns 43,953 shares of the company’s stock valued at $1,053,000 after purchasing an additional 7,400 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its stake in Invesco Variable Rate Preferred ETF by 25.2% in the 2nd quarter. Insigneo Advisory Services LLC now owns 20,528 shares of the company’s stock valued at $485,000 after buying an additional 4,126 shares during the period.

Invesco Variable Rate Preferred ETF Price Performance

Shares of NYSEARCA:VRP opened at $24.28 on Friday. The firm has a fifty day moving average of $24.36 and a two-hundred day moving average of $24.29. Invesco Variable Rate Preferred ETF has a 12-month low of $23.20 and a 12-month high of $24.67.

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.