UBS Group AG Increases Stock Position in Invesco Variable Rate Preferred ETF $VRP

UBS Group AG increased its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,175,176 shares of the company’s stock after buying an additional 21,479 shares during the quarter. UBS Group AG’s holdings in Invesco Variable Rate Preferred ETF were worth $52,922,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 1.4% during the third quarter. Advisory Services Network LLC now owns 33,782 shares of the company’s stock worth $834,000 after buying an additional 458 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 1.4% during the second quarter. Corient Private Wealth LLC now owns 36,992 shares of the company’s stock worth $904,000 after buying an additional 520 shares in the last quarter. Clear Harbor Asset Management LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 1.8% during the third quarter. Clear Harbor Asset Management LLC now owns 34,135 shares of the company’s stock worth $843,000 after buying an additional 600 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in Invesco Variable Rate Preferred ETF by 6.6% during the third quarter. Citizens Financial Group Inc. RI now owns 10,658 shares of the company’s stock worth $263,000 after buying an additional 658 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in Invesco Variable Rate Preferred ETF by 7.8% during the third quarter. Stratos Wealth Partners LTD. now owns 9,567 shares of the company’s stock worth $236,000 after buying an additional 690 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of NYSEARCA VRP opened at $24.30 on Wednesday. Invesco Variable Rate Preferred ETF has a 1 year low of $23.71 and a 1 year high of $24.93. The company’s fifty day moving average price is $24.26 and its 200 day moving average price is $24.41.

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.