First Citizens Bank & Trust Co. Invests $969,000 in Invesco Variable Rate Preferred ETF $VRP

First Citizens Bank & Trust Co. acquired a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 39,652 shares of the company’s stock, valued at approximately $969,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. LPL Financial LLC boosted its position in shares of Invesco Variable Rate Preferred ETF by 8.3% during the first quarter. LPL Financial LLC now owns 2,271,805 shares of the company’s stock worth $55,069,000 after buying an additional 173,408 shares during the period. Stephens Inc. AR boosted its position in shares of Invesco Variable Rate Preferred ETF by 0.5% during the second quarter. Stephens Inc. AR now owns 1,384,622 shares of the company’s stock worth $33,854,000 after buying an additional 6,531 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Invesco Variable Rate Preferred ETF by 13.3% during the first quarter. Envestnet Asset Management Inc. now owns 1,310,237 shares of the company’s stock worth $31,760,000 after buying an additional 153,679 shares during the period. Advisors Capital Management LLC boosted its position in shares of Invesco Variable Rate Preferred ETF by 8.6% during the first quarter. Advisors Capital Management LLC now owns 1,111,634 shares of the company’s stock worth $26,946,000 after buying an additional 88,017 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of Invesco Variable Rate Preferred ETF by 7.1% during the first quarter. HighTower Advisors LLC now owns 1,020,941 shares of the company’s stock worth $24,748,000 after buying an additional 67,741 shares during the period.

Invesco Variable Rate Preferred ETF Stock Performance

VRP opened at $24.68 on Friday. Invesco Variable Rate Preferred ETF has a 1-year low of $23.03 and a 1-year high of $24.93. The business has a 50 day moving average price of $24.68 and a two-hundred day moving average price of $24.39.

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.