Invesco Variable Rate Preferred ETF $VRP Shares Acquired by Advisors Capital Management LLC

Advisors Capital Management LLC raised its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,296,804 shares of the company’s stock after acquiring an additional 87,810 shares during the period. Advisors Capital Management LLC owned approximately 1.40% of Invesco Variable Rate Preferred ETF worth $32,031,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VRP. Nordwand Advisors LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF in the second quarter valued at approximately $39,000. Crumly & Associates Inc. purchased a new position in Invesco Variable Rate Preferred ETF in the 3rd quarter valued at $212,000. Diversify Advisory Services LLC acquired a new position in Invesco Variable Rate Preferred ETF in the 2nd quarter valued at $220,000. Huntleigh Advisors Inc. acquired a new position in Invesco Variable Rate Preferred ETF in the 3rd quarter valued at $226,000. Finally, Stratos Wealth Partners LTD. raised its position in Invesco Variable Rate Preferred ETF by 7.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,567 shares of the company’s stock worth $236,000 after buying an additional 690 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

VRP stock opened at $24.58 on Wednesday. The company has a fifty day moving average of $24.43 and a 200-day moving average of $24.55. Invesco Variable Rate Preferred ETF has a one year low of $23.03 and a one year high of $24.93.

Invesco Variable Rate Preferred ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a $0.1019 dividend. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, January 20th.

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.