Renaissance Technologies LLC Cuts Stake in Invesco Variable Rate Preferred ETF $VRP

Renaissance Technologies LLC cut its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 68.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,370 shares of the company’s stock after selling 36,208 shares during the quarter. Renaissance Technologies LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $393,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VRP. International Assets Investment Management LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the 4th quarter valued at about $51,000. Private Trust Co. NA grew its position in shares of Invesco Variable Rate Preferred ETF by 165.2% during the fourth quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock worth $54,000 after buying an additional 1,376 shares in the last quarter. LFA Lugano Financial Advisors SA increased its stake in shares of Invesco Variable Rate Preferred ETF by 136.8% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after buying an additional 2,927 shares during the period. Luken Investment Analytics LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the fourth quarter worth approximately $135,000. Finally, Ascentis Independent Advisors acquired a new stake in Invesco Variable Rate Preferred ETF in the first quarter valued at approximately $141,000.

Invesco Variable Rate Preferred ETF Trading Down 0.1%

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.10 on Wednesday. Invesco Variable Rate Preferred ETF has a 52-week low of $23.71 and a 52-week high of $24.93. The company has a 50 day moving average of $24.29 and a 200 day moving average of $24.31.

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.