Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Sold by Graypoint LLC

Graypoint LLC reduced its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 1.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 54,336 shares of the company’s stock after selling 843 shares during the quarter. Graypoint LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $1,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of Invesco Variable Rate Preferred ETF by 14.4% in the third quarter. CWM LLC now owns 31,991 shares of the company’s stock valued at $783,000 after purchasing an additional 4,038 shares during the last quarter. Truist Financial Corp grew its position in shares of Invesco Variable Rate Preferred ETF by 2.4% in the second quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock valued at $426,000 after purchasing an additional 421 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock valued at $23,228,000 after purchasing an additional 152,981 shares during the last quarter. Advisory Alpha LLC grew its position in shares of Invesco Variable Rate Preferred ETF by 2.9% in the second quarter. Advisory Alpha LLC now owns 2,009,869 shares of the company’s stock valued at $48,158,000 after purchasing an additional 57,456 shares during the last quarter. Finally, MGO One Seven LLC grew its position in shares of Invesco Variable Rate Preferred ETF by 3.1% in the second quarter. MGO One Seven LLC now owns 33,544 shares of the company’s stock valued at $804,000 after purchasing an additional 998 shares during the last quarter.

Invesco Variable Rate Preferred ETF Trading Down 0.1 %

VRP stock opened at $24.15 on Friday. The company’s 50 day simple moving average is $24.38 and its 200-day simple moving average is $24.28. Invesco Variable Rate Preferred ETF has a 12 month low of $23.20 and a 12 month 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.