Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Sold by Graypoint LLC

Graypoint LLC lowered its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,336 shares of the company’s stock after selling 843 shares during the period. Graypoint LLC owned 0.08% of Invesco Variable Rate Preferred ETF worth $1,314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VRP. Benjamin Edwards Inc. grew its stake in shares of Invesco Variable Rate Preferred ETF by 814.2% during the third quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock worth $13,128,000 after purchasing an additional 478,001 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Invesco Variable Rate Preferred ETF in the second quarter valued at $6,121,000. Ocean Park Asset Management LLC lifted its position in Invesco Variable Rate Preferred ETF by 76.1% in the second quarter. Ocean Park Asset Management LLC now owns 395,900 shares of the company’s stock valued at $9,486,000 after acquiring an additional 171,100 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Invesco Variable Rate Preferred ETF by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock valued at $23,228,000 after acquiring an additional 152,981 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Invesco Variable Rate Preferred ETF by 16.9% in the third quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock valued at $20,909,000 after acquiring an additional 123,324 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of VRP opened at $24.15 on Friday. Invesco Variable Rate Preferred ETF has a 1-year low of $23.20 and a 1-year high of $24.67. The firm has a fifty day moving average price of $24.38 and a 200 day moving average price of $24.28.

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.