Klingman & Associates LLC Trims Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Klingman & Associates LLC reduced its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,074 shares of the company’s stock after selling 753 shares during the quarter. Klingman & Associates LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VRP. Stratos Wealth Partners LTD. bought a new position in Invesco Variable Rate Preferred ETF during the fourth quarter worth $219,000. Ashton Thomas Private Wealth LLC lifted its stake in Invesco Variable Rate Preferred ETF by 2.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 442,678 shares of the company’s stock worth $10,828,000 after purchasing an additional 11,612 shares during the last quarter. New Millennium Group LLC bought a new position in Invesco Variable Rate Preferred ETF during the third quarter worth $1,634,000. Estate Counselors LLC lifted its stake in Invesco Variable Rate Preferred ETF by 0.3% during the third quarter. Estate Counselors LLC now owns 332,505 shares of the company’s stock worth $8,133,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its stake in Invesco Variable Rate Preferred ETF by 6.3% during the third quarter. Insigneo Advisory Services LLC now owns 21,821 shares of the company’s stock worth $534,000 after purchasing an additional 1,293 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP opened at $24.50 on Wednesday. The business’s fifty day moving average price is $24.32 and its 200 day moving average price is $24.34. Invesco Variable Rate Preferred ETF has a 12-month low of $23.40 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.