Spectrum Asset Management Inc. Raises Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Spectrum Asset Management Inc. lifted its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 53.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 362,656 shares of the company’s stock after acquiring an additional 126,053 shares during the period. Invesco Variable Rate Preferred ETF makes up 11.9% of Spectrum Asset Management Inc.’s portfolio, making the stock its 2nd largest holding. Spectrum Asset Management Inc. owned approximately 0.55% of Invesco Variable Rate Preferred ETF worth $8,033,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sound Income Strategies LLC bought a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter worth about $69,000. Fifth Third Bancorp raised its position in shares of Invesco Variable Rate Preferred ETF by 99.3% in the 4th quarter. Fifth Third Bancorp now owns 8,700 shares of the company’s stock valued at $201,000 after acquiring an additional 4,335 shares during the period. Belpointe Asset Management LLC increased its position in shares of Invesco Variable Rate Preferred ETF by 22.6% in the 3rd quarter. Belpointe Asset Management LLC now owns 11,350 shares of the company’s stock valued at $254,000 after buying an additional 2,090 shares in the last quarter. Blair William & Co. IL increased its stake in Invesco Variable Rate Preferred ETF by 8.0% during the 3rd quarter. Blair William & Co. IL now owns 11,534 shares of the company’s stock worth $258,000 after purchasing an additional 859 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its position in shares of Invesco Variable Rate Preferred ETF by 23.5% during the third quarter. Insigneo Advisory Services LLC now owns 14,211 shares of the company’s stock worth $318,000 after acquiring an additional 2,700 shares in the last quarter.

Invesco Variable Rate Preferred ETF Trading Up 0.5 %

VRP traded up $0.11 during trading on Thursday, hitting $23.72. The company had a trading volume of 298,620 shares, compared to its average volume of 356,651. Invesco Variable Rate Preferred ETF has a one year low of $21.36 and a one year high of $23.87. The firm’s 50-day moving average price is $23.63 and its 200 day moving average price is $23.10.

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.