Stifel Financial Corp Has $8.34 Million Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Stifel Financial Corp lessened its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 344,884 shares of the company’s stock after selling 2,623 shares during the period. Stifel Financial Corp owned 0.50% of Invesco Variable Rate Preferred ETF worth $8,343,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VRP. Spectrum Asset Management Inc. increased its stake in Invesco Variable Rate Preferred ETF by 1,293.9% during the 4th quarter. Spectrum Asset Management Inc. now owns 863,487 shares of the company’s stock worth $20,888,000 after acquiring an additional 801,539 shares during the period. LPL Financial LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 47.7% in the 4th quarter. LPL Financial LLC now owns 2,098,397 shares of the company’s stock valued at $50,760,000 after purchasing an additional 677,991 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Invesco Variable Rate Preferred ETF in the 4th quarter valued at $9,370,000. Ocean Park Asset Management LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 54.1% in the 4th quarter. Ocean Park Asset Management LLC now owns 610,200 shares of the company’s stock valued at $14,761,000 after purchasing an additional 214,300 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 2,319.0% in the 4th quarter. Proficio Capital Partners LLC now owns 218,436 shares of the company’s stock valued at $5,284,000 after purchasing an additional 209,406 shares during the last quarter.

Invesco Variable Rate Preferred ETF Trading Down 0.1 %

Shares of VRP opened at $23.97 on Monday. Invesco Variable Rate Preferred ETF has a 52-week low of $23.03 and a 52-week high of $24.67. The business’s fifty day moving average is $24.10 and its 200-day moving average is $24.28.

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.