Renaissance Technologies LLC Decreases Holdings in Invesco Variable Rate Preferred ETF $VRP

Renaissance Technologies LLC reduced its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 68.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,370 shares of the company’s stock after selling 36,208 shares during the quarter. Renaissance Technologies LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $393,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in VRP. International Assets Investment Management LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter worth about $51,000. Private Trust Co. NA boosted its holdings in Invesco Variable Rate Preferred ETF by 165.2% in the fourth quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock valued at $54,000 after purchasing an additional 1,376 shares in the last quarter. LFA Lugano Financial Advisors SA increased its stake in Invesco Variable Rate Preferred ETF by 136.8% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock valued at $123,000 after purchasing an additional 2,927 shares during the last quarter. Luken Investment Analytics LLC purchased a new position in Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $135,000. Finally, Ascentis Independent Advisors acquired a new stake in Invesco Variable Rate Preferred ETF during the first quarter worth approximately $141,000.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA:VRP opened at $24.10 on Wednesday. The firm has a 50 day simple moving average of $24.29 and a 200-day simple moving average of $24.31. Invesco Variable Rate Preferred ETF has a twelve month low of $23.71 and a twelve 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.