Kraft Davis & Associates LLC bought a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 60,144 shares of the company’s stock, valued at approximately $1,462,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of VRP. Bank of America Corp DE lifted its stake in shares of Invesco Variable Rate Preferred ETF by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 8,491,380 shares of the company’s stock worth $209,737,000 after purchasing an additional 497,911 shares during the period. Wells Fargo & Company MN grew its position in shares of Invesco Variable Rate Preferred ETF by 11.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,508,606 shares of the company’s stock valued at $85,364,000 after purchasing an additional 360,543 shares during the period. LPL Financial LLC grew its position in shares of Invesco Variable Rate Preferred ETF by 17.8% in the fourth quarter. LPL Financial LLC now owns 2,652,479 shares of the company’s stock valued at $64,535,000 after purchasing an additional 399,914 shares during the period. UBS Group AG increased its stake in Invesco Variable Rate Preferred ETF by 1.0% in the fourth quarter. UBS Group AG now owns 2,175,176 shares of the company’s stock valued at $52,922,000 after purchasing an additional 21,479 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Invesco Variable Rate Preferred ETF by 12.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,957,799 shares of the company’s stock valued at $47,633,000 after purchasing an additional 219,807 shares during the last quarter.
Invesco Variable Rate Preferred ETF Trading Up 0.1%
NYSEARCA VRP opened at $24.12 on Thursday. The business’s 50-day moving average price is $24.24 and its 200 day moving average price is $24.28. Invesco Variable Rate Preferred ETF has a twelve month low of $23.71 and a twelve month high of $24.93.
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.
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