Invesco Variable Rate Preferred ETF $VRP Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC decreased its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 24.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 82,241 shares of the company’s stock after selling 26,816 shares during the period. Kestra Advisory Services LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $1,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Addison Capital Co raised its position in shares of Invesco Variable Rate Preferred ETF by 35.5% during the 1st quarter. Addison Capital Co now owns 156,177 shares of the company’s stock valued at $3,745,000 after buying an additional 40,886 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in Invesco Variable Rate Preferred ETF by 13.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 28,165 shares of the company’s stock valued at $679,000 after acquiring an additional 3,244 shares during the last quarter. Ascentis Independent Advisors purchased a new position in Invesco Variable Rate Preferred ETF in the first quarter worth approximately $141,000. Stephens Inc. AR grew its position in Invesco Variable Rate Preferred ETF by 4.6% in the first quarter. Stephens Inc. AR now owns 1,478,797 shares of the company’s stock worth $35,462,000 after acquiring an additional 64,978 shares during the period. Finally, World Investment Advisors increased its stake in Invesco Variable Rate Preferred ETF by 44.8% during the first quarter. World Investment Advisors now owns 23,591 shares of the company’s stock worth $566,000 after acquiring an additional 7,298 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

VRP stock opened at $24.28 on Tuesday. Invesco Variable Rate Preferred ETF has a 52-week low of $23.71 and a 52-week high of $24.93. The business has a fifty day moving average of $24.34 and a two-hundred day moving average of $24.34.

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.