Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Stake Lessened by Financial Counselors Inc.

Financial Counselors Inc. decreased its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,712 shares of the company’s stock after selling 3,150 shares during the period. Financial Counselors Inc. owned 0.06% of Invesco Variable Rate Preferred ETF worth $1,069,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VRP. Key Financial Inc raised its holdings in shares of Invesco Variable Rate Preferred ETF by 59.6% in the 2nd quarter. Key Financial Inc now owns 3,370 shares of the company’s stock worth $81,000 after purchasing an additional 1,259 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the 2nd quarter valued at $140,000. Coastline Trust Co bought a new stake in shares of Invesco Variable Rate Preferred ETF during the 3rd quarter worth $142,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF in the 3rd quarter worth $213,000. Finally, Proficio Capital Partners LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 4.8% during the third quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock worth $221,000 after purchasing an additional 415 shares during the period.

Invesco Variable Rate Preferred ETF Trading Up 0.5 %

NYSEARCA:VRP opened at $24.52 on Friday. The stock has a fifty day simple moving average of $24.45 and a 200 day simple moving average of $24.18. Invesco Variable Rate Preferred ETF has a 1-year low of $22.51 and a 1-year high of $24.67.

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.