Bank of America Corp DE Boosts Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Bank of America Corp DE grew its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,199,502 shares of the company’s stock after buying an additional 256,999 shares during the quarter. Bank of America Corp DE owned 6.15% of Invesco Variable Rate Preferred ETF worth $101,586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRP. Bank of New York Mellon Corp grew its position in shares of Invesco Variable Rate Preferred ETF by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 24,078 shares of the company’s stock valued at $582,000 after acquiring an additional 1,446 shares during the period. Principal Financial Group Inc. bought a new position in Invesco Variable Rate Preferred ETF during the fourth quarter valued at $498,000. Truist Financial Corp increased its position in Invesco Variable Rate Preferred ETF by 8.3% in the fourth quarter. Truist Financial Corp now owns 17,760 shares of the company’s stock worth $430,000 after buying an additional 1,363 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 238.7% in the fourth quarter. Harbour Investments Inc. now owns 2,838 shares of the company’s stock valued at $69,000 after buying an additional 2,000 shares during the period. Finally, Financial Counselors Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 3.8% in the fourth quarter. Financial Counselors Inc. now owns 45,386 shares of the company’s stock valued at $1,098,000 after buying an additional 1,674 shares during the period.

Invesco Variable Rate Preferred ETF Trading Up 0.2 %

VRP stock opened at $24.01 on Friday. The stock has a fifty day moving average of $24.01 and a 200-day moving average of $24.24. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.03 and a fifty-two week 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.