FCA Corp TX Increases Stock Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

FCA Corp TX raised its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 39.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,065 shares of the company’s stock after purchasing an additional 51,178 shares during the quarter. Invesco Variable Rate Preferred ETF accounts for about 1.4% of FCA Corp TX’s holdings, making the stock its 20th biggest position. FCA Corp TX’s holdings in Invesco Variable Rate Preferred ETF were worth $4,404,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in VRP. Spectrum Asset Management Inc. boosted its holdings in Invesco Variable Rate Preferred ETF by 1,293.9% in the 4th quarter. Spectrum Asset Management Inc. now owns 863,487 shares of the company’s stock valued at $20,888,000 after purchasing an additional 801,539 shares in the last quarter. LPL Financial LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 47.7% during the 4th quarter. LPL Financial LLC now owns 2,098,397 shares of the company’s stock valued at $50,760,000 after acquiring an additional 677,991 shares during the period. Benjamin Edwards Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 814.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock valued at $13,128,000 after acquiring an additional 478,001 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at approximately $9,370,000. Finally, Ocean Park Asset Management LLC lifted its position in shares of 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 acquiring an additional 214,300 shares during the period.

Invesco Variable Rate Preferred ETF Trading Up 0.0 %

VRP stock opened at $24.41 on Friday. The firm has a 50 day moving average of $24.34 and a 200-day moving average of $24.39. Invesco Variable Rate Preferred ETF has a 12-month low of $23.40 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.