Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 432,834 shares of the company’s stock after buying an additional 57,314 shares during the period. Commonwealth Equity Services LLC owned approximately 0.63% of Invesco Variable Rate Preferred ETF worth $10,470,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. purchased a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $498,000. Truist Financial Corp boosted its position in Invesco Variable Rate Preferred ETF by 8.3% in the fourth quarter. Truist Financial Corp now owns 17,760 shares of the company’s stock valued at $430,000 after buying an additional 1,363 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $219,000. Estate Counselors LLC raised its position in Invesco Variable Rate Preferred ETF by 0.3% during the 3rd quarter. Estate Counselors LLC now owns 332,505 shares of the company’s stock worth $8,133,000 after buying an additional 1,110 shares during the last quarter. Finally, Insigneo Advisory Services LLC raised its position in Invesco Variable Rate Preferred ETF by 6.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 21,821 shares of the company’s stock worth $534,000 after buying an additional 1,293 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Up 0.4 %

VRP stock opened at $24.38 on Thursday. Invesco Variable Rate Preferred ETF has a 12 month low of $23.40 and a 12 month high of $24.67. The firm’s fifty day simple moving average is $24.33 and its 200-day simple moving average is $24.39.

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.