Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Sold by Cottonwood Capital Advisors LLC

Cottonwood Capital Advisors LLC decreased its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,016 shares of the company’s stock after selling 1,868 shares during the quarter. Invesco Variable Rate Preferred ETF comprises approximately 2.5% of Cottonwood Capital Advisors LLC’s holdings, making the stock its 12th biggest holding. Cottonwood Capital Advisors LLC owned approximately 0.17% of Invesco Variable Rate Preferred ETF worth $3,346,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in Invesco Variable Rate Preferred ETF by 6.5% in the 4th quarter. Bank of America Corp DE now owns 4,199,502 shares of the company’s stock valued at $101,586,000 after buying an additional 256,999 shares during the last quarter. Wells Fargo & Company MN grew its stake in Invesco Variable Rate Preferred ETF by 5.7% during the 4th quarter. Wells Fargo & Company MN now owns 2,471,466 shares of the company’s stock valued at $59,785,000 after purchasing an additional 134,133 shares in the last quarter. LPL Financial LLC increased its holdings in 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 worth $50,760,000 after purchasing an additional 677,991 shares during the last quarter. Advisors Capital Management LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 2.8% in the 4th quarter. Advisors Capital Management LLC now owns 1,023,617 shares of the company’s stock valued at $24,761,000 after purchasing an additional 27,632 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 11.5% during the 4th quarter. HighTower Advisors LLC now owns 953,200 shares of the company’s stock valued at $23,058,000 after buying an additional 98,336 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

VRP stock opened at $24.35 on Thursday. The firm has a 50 day simple moving average of $24.14 and a 200-day simple moving average of $24.20. Invesco Variable Rate Preferred ETF has a twelve month low of $23.03 and a twelve month high of $24.67.

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.