Cottonwood Capital Advisors LLC Sells 1,868 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Cottonwood Capital Advisors LLC lowered its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,016 shares of the company’s stock after selling 1,868 shares during the quarter. Invesco Variable Rate Preferred ETF comprises about 2.5% of Cottonwood Capital Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Cottonwood Capital Advisors LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $3,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of VRP. Principal Financial Group Inc. acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at about $498,000. Truist Financial Corp grew its holdings in Invesco Variable Rate Preferred ETF by 8.3% in the 4th quarter. Truist Financial Corp now owns 17,760 shares of the company’s stock valued at $430,000 after buying an additional 1,363 shares during the last quarter. Bank of New York Mellon Corp increased its position in Invesco Variable Rate Preferred ETF by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 24,078 shares of the company’s stock worth $582,000 after buying an additional 1,446 shares during the period. Kovack Advisors Inc. lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 8.6% during the fourth quarter. Kovack Advisors Inc. now owns 11,235 shares of the company’s stock worth $272,000 after buying an additional 885 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of Invesco Variable Rate Preferred ETF by 2,319.0% in the fourth quarter. Proficio Capital Partners LLC now owns 218,436 shares of the company’s stock valued at $5,284,000 after acquiring an additional 209,406 shares during the period.

Invesco Variable Rate Preferred ETF Stock Performance

NYSEARCA VRP opened at $24.35 on Thursday. The company’s fifty day moving average is $24.14 and its two-hundred day moving average is $24.20. Invesco Variable Rate Preferred ETF has a 52-week low of $23.03 and a 52-week high of $24.67.

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.