Principal Securities Inc. Acquires New Shares in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Principal Securities Inc. bought a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRPFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 86,030 shares of the company’s stock, valued at approximately $1,986,000. Principal Securities Inc. owned approximately 0.13% of Invesco Variable Rate Preferred ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 127.8% during the third quarter. Envestnet Asset Management Inc. now owns 536,208 shares of the company’s stock valued at $11,995,000 after acquiring an additional 300,826 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Invesco Variable Rate Preferred ETF by 6.6% during the 3rd quarter. Park Avenue Securities LLC now owns 40,878 shares of the company’s stock worth $914,000 after buying an additional 2,526 shares during the period. Sound Income Strategies LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter valued at about $69,000. Advisory Alpha LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 1.8% during the fourth quarter. Advisory Alpha LLC now owns 1,851,516 shares of the company’s stock worth $42,735,000 after acquiring an additional 32,876 shares during the last quarter. Finally, NewEdge Wealth LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 1.1% during the third quarter. NewEdge Wealth LLC now owns 173,213 shares of the company’s stock worth $3,875,000 after acquiring an additional 1,933 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

VRP stock traded up $0.01 during trading on Friday, hitting $23.83. The company had a trading volume of 188,034 shares, compared to its average volume of 357,822. Invesco Variable Rate Preferred ETF has a one year low of $21.56 and a one year high of $23.96. The business has a 50-day moving average of $23.66 and a 200-day moving average of $23.19.

About Invesco Variable Rate Preferred ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

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