Evolution Wealth Advisors LLC Decreases Stock Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Evolution Wealth Advisors LLC reduced its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 434,895 shares of the company’s stock after selling 13,714 shares during the quarter. Invesco Variable Rate Preferred ETF makes up 2.0% of Evolution Wealth Advisors LLC’s holdings, making the stock its 11th largest position. Evolution Wealth Advisors LLC owned 0.66% of Invesco Variable Rate Preferred ETF worth $10,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in VRP. Captrust Financial Advisors lifted its stake in shares of Invesco Variable Rate Preferred ETF by 1,818.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,918 shares of the company’s stock worth $43,000 after purchasing an additional 1,818 shares during the last quarter. Worth Asset Management LLC acquired a new position in Invesco Variable Rate Preferred ETF during the 1st quarter valued at about $54,000. Sound Income Strategies LLC acquired a new position in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $69,000. Retirement Group LLC increased its position in Invesco Variable Rate Preferred ETF by 6.9% during the 2nd quarter. Retirement Group LLC now owns 8,214 shares of the company’s stock valued at $183,000 after buying an additional 533 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in Invesco Variable Rate Preferred ETF by 99.3% during the 4th quarter. Fifth Third Bancorp now owns 8,700 shares of the company’s stock valued at $201,000 after buying an additional 4,335 shares in the last quarter.

Invesco Variable Rate Preferred ETF Trading Down 0.2 %

NYSEARCA:VRP traded down $0.04 during mid-day trading on Friday, hitting $23.48. 336,594 shares of the company’s stock traded hands, compared to its average volume of 342,922. The company has a fifty day moving average of $23.62 and a 200 day moving average of $23.00. Invesco Variable Rate Preferred ETF has a twelve month low of $21.36 and a twelve month high of $23.87.

About Invesco Variable Rate Preferred ETF

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.