LFA Lugano Financial Advisors SA Has $52,000 Stock Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

LFA Lugano Financial Advisors SA lowered its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 78.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,140 shares of the company’s stock after selling 7,937 shares during the period. LFA Lugano Financial Advisors SA’s holdings in Invesco Variable Rate Preferred ETF were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRP. Spectrum Asset Management Inc. boosted its holdings in Invesco Variable Rate Preferred ETF by 1,293.9% in the fourth quarter. Spectrum Asset Management Inc. now owns 863,487 shares of the company’s stock worth $20,888,000 after acquiring an additional 801,539 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 814.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock worth $13,128,000 after purchasing an additional 478,001 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Invesco Variable Rate Preferred ETF in the 4th quarter valued at $9,370,000. Ocean Park Asset Management LLC increased its stake in Invesco Variable Rate Preferred ETF by 54.1% during the 4th quarter. Ocean Park Asset Management LLC now owns 610,200 shares of the company’s stock valued at $14,761,000 after purchasing an additional 214,300 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in Invesco Variable Rate Preferred ETF by 2,319.0% during the fourth quarter. Proficio Capital Partners LLC now owns 218,436 shares of the company’s stock worth $5,284,000 after buying an additional 209,406 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA VRP opened at $24.26 on Thursday. The company has a 50-day moving average price of $24.33 and a 200-day moving average price of $24.38. Invesco Variable Rate Preferred ETF has a 1 year low of $23.40 and a 1 year high of $24.67.

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.