Invesco Variable Rate Preferred ETF $VRP Shares Sold by Spectrum Asset Management Inc.

Spectrum Asset Management Inc. reduced its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 81.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,772 shares of the company’s stock after selling 279,935 shares during the quarter. Invesco Variable Rate Preferred ETF comprises 3.2% of Spectrum Asset Management Inc.’s holdings, making the stock its 3rd largest holding. Spectrum Asset Management Inc. owned 0.07% of Invesco Variable Rate Preferred ETF worth $1,550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordwand Advisors LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 2nd quarter valued at $39,000. Diversify Advisory Services LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the second quarter worth $220,000. Keybank National Association OH bought a new stake in Invesco Variable Rate Preferred ETF in the second quarter valued at $241,000. Citizens Financial Group Inc. RI acquired a new position in shares of Invesco Variable Rate Preferred ETF during the second quarter valued at about $244,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Invesco Variable Rate Preferred ETF by 6.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock worth $276,000 after purchasing an additional 721 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Up 0.1%

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.44 on Monday. The business has a 50-day simple moving average of $24.45 and a 200 day simple moving average of $24.55. Invesco Variable Rate Preferred ETF has a one year low of $23.03 and a one year high of $24.93.

Invesco Variable Rate Preferred ETF Company 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.