IFP Advisors Inc Lowers Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

IFP Advisors Inc reduced its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,068 shares of the company’s stock after selling 541 shares during the quarter. IFP Advisors Inc’s holdings in Invesco Variable Rate Preferred ETF were worth $1,429,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Spectrum Asset Management Inc. boosted its stake in shares of Invesco Variable Rate Preferred ETF by 1,293.9% during the 4th 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. raised its holdings in 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 during the period. Ocean Park Asset Management LLC boosted its position in Invesco Variable Rate Preferred ETF by 54.1% during the fourth quarter. Ocean Park Asset Management LLC now owns 610,200 shares of the company’s stock worth $14,761,000 after purchasing an additional 214,300 shares in the last quarter. HighTower Advisors LLC grew its holdings in Invesco Variable Rate Preferred ETF by 16.9% in the third quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock valued at $20,909,000 after purchasing an additional 123,324 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Invesco Variable Rate Preferred ETF by 81.2% in the third quarter. Jane Street Group LLC now owns 220,367 shares of the company’s stock valued at $5,390,000 after buying an additional 98,725 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Down 0.0 %

Shares of VRP stock opened at $24.37 on Thursday. The stock has a 50 day simple moving average of $24.31 and a 200-day simple moving average of $24.37. 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 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.