Citizens Financial Group Inc. RI Buys New Shares in Invesco Variable Rate Preferred ETF $VRP

Citizens Financial Group Inc. RI purchased a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $244,000.

Other large investors have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. increased its holdings in shares of Invesco Variable Rate Preferred ETF by 1.8% in the second quarter. Atria Wealth Solutions Inc. now owns 30,406 shares of the company’s stock valued at $745,000 after purchasing an additional 534 shares during the period. Endowment Wealth Management Inc. boosted its position in Invesco Variable Rate Preferred ETF by 5.1% in the first quarter. Endowment Wealth Management Inc. now owns 11,689 shares of the company’s stock valued at $283,000 after buying an additional 569 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Invesco Variable Rate Preferred ETF by 6.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock worth $276,000 after buying an additional 721 shares during the period. Bank of New York Mellon Corp increased its holdings in Invesco Variable Rate Preferred ETF by 3.8% in the 1st quarter. Bank of New York Mellon Corp now owns 24,989 shares of the company’s stock worth $606,000 after buying an additional 911 shares during the period. Finally, Kovack Advisors Inc. raised its position in Invesco Variable Rate Preferred ETF by 12.3% during the 1st quarter. Kovack Advisors Inc. now owns 12,619 shares of the company’s stock worth $306,000 after buying an additional 1,384 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA VRP opened at $24.52 on Thursday. The company has a 50 day simple moving average of $24.69 and a two-hundred day simple moving average of $24.50. Invesco Variable Rate Preferred ETF has a 12 month low of $23.03 and a 12 month high of $24.93.

Invesco Variable Rate Preferred ETF 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.