Invesco Variable Rate Preferred ETF $VRP Shares Acquired by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lifted its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 10.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 225,190 shares of the company’s stock after buying an additional 21,376 shares during the quarter. Wealthcare Advisory Partners LLC owned approximately 0.24% of Invesco Variable Rate Preferred ETF worth $5,562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VRP. Corient Private Wealth LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 1.4% in the second quarter. Corient Private Wealth LLC now owns 36,992 shares of the company’s stock valued at $904,000 after purchasing an additional 520 shares during the period. Advisory Services Network LLC increased its position in shares of Invesco Variable Rate Preferred ETF by 1.7% during the second quarter. Advisory Services Network LLC now owns 33,324 shares of the company’s stock worth $815,000 after acquiring an additional 544 shares during the period. Cary Street Partners Financial LLC raised its stake in shares of Invesco Variable Rate Preferred ETF by 0.9% in the second quarter. Cary Street Partners Financial LLC now owns 66,372 shares of the company’s stock valued at $1,623,000 after acquiring an additional 600 shares in the last quarter. Clear Harbor Asset Management LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 1.8% in the third quarter. Clear Harbor Asset Management LLC now owns 34,135 shares of the company’s stock valued at $843,000 after purchasing an additional 600 shares during the period. Finally, Citizens Financial Group Inc. RI grew its stake in Invesco Variable Rate Preferred ETF by 6.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 10,658 shares of the company’s stock worth $263,000 after purchasing an additional 658 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Up 0.1%

VRP stock opened at $24.58 on Wednesday. The business’s 50-day moving average is $24.43 and its two-hundred day moving average is $24.55. Invesco Variable Rate Preferred ETF has a 1 year low of $23.03 and a 1 year high of $24.93.

Invesco Variable Rate Preferred ETF Cuts Dividend

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