Vectors Research Management LLC decreased its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,363 shares of the company’s stock after selling 5,627 shares during the quarter. Vectors Research Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $662,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. Boyd Watterson Asset Management LLC OH purchased a new position in shares of Invesco Variable Rate Preferred ETF during the 4th quarter worth $27,000. Mechanics Financial Corp purchased a new position in Invesco Variable Rate Preferred ETF during the fourth quarter valued at $27,000. Harbour Investments Inc. grew its holdings in Invesco Variable Rate Preferred ETF by 238.7% during the fourth quarter. Harbour Investments Inc. now owns 2,838 shares of the company’s stock valued at $69,000 after purchasing an additional 2,000 shares during the period. PNC Financial Services Group Inc. grew its holdings in Invesco Variable Rate Preferred ETF by 130.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,794 shares of the company’s stock valued at $116,000 after purchasing an additional 2,714 shares during the period. Finally, Zhang Financial LLC purchased a new stake in Invesco Variable Rate Preferred ETF in the fourth quarter worth about $202,000.
Invesco Variable Rate Preferred ETF Stock Up 0.7 %
VRP stock opened at $23.94 on Monday. The business’s 50-day moving average price is $24.16 and its 200-day moving average price is $24.30. Invesco Variable Rate Preferred ETF has a twelve month low of $23.03 and a twelve month high of $24.67.
Invesco Variable Rate Preferred ETF Company 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.
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