Financial Counselors Inc. Has $1.07 Million Stock Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Financial Counselors Inc. lowered its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,712 shares of the company’s stock after selling 3,150 shares during the quarter. Financial Counselors Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Key Financial Inc raised its holdings in Invesco Variable Rate Preferred ETF by 59.6% during the second quarter. Key Financial Inc now owns 3,370 shares of the company’s stock valued at $81,000 after buying an additional 1,259 shares in the last quarter. Coastline Trust Co bought a new position in shares of Invesco Variable Rate Preferred ETF in the 3rd quarter valued at approximately $142,000. ORG Partners LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the 2nd quarter worth approximately $140,000. Dynamic Advisor Solutions LLC bought a new stake in Invesco Variable Rate Preferred ETF during the third quarter worth approximately $213,000. Finally, Proficio Capital Partners LLC grew its holdings in Invesco Variable Rate Preferred ETF by 4.8% during the third quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock valued at $221,000 after purchasing an additional 415 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.52 on Friday. The firm has a fifty day simple moving average of $24.45 and a 200-day simple moving average of $24.18. Invesco Variable Rate Preferred ETF has a 1-year low of $22.51 and a 1-year high of $24.67.

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.