LPL Financial LLC Purchases 677,991 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

LPL Financial LLC increased its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 47.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,098,397 shares of the company’s stock after purchasing an additional 677,991 shares during the period. LPL Financial LLC owned 3.07% of Invesco Variable Rate Preferred ETF worth $50,760,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Beta Wealth Group Inc. increased its stake in shares of Invesco Variable Rate Preferred ETF by 0.8% in the 4th quarter. Beta Wealth Group Inc. now owns 49,330 shares of the company’s stock worth $1,193,000 after acquiring an additional 413 shares in the last quarter. Addison Capital Co grew its holdings in Invesco Variable Rate Preferred ETF by 0.6% in the fourth quarter. Addison Capital Co now owns 85,461 shares of the company’s stock worth $2,067,000 after purchasing an additional 485 shares during the period. Corient Private Wealth LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 1.7% during the fourth quarter. Corient Private Wealth LLC now owns 32,667 shares of the company’s stock valued at $790,000 after purchasing an additional 553 shares in the last quarter. Endowment Wealth Management Inc. lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 7.6% during the fourth quarter. Endowment Wealth Management Inc. now owns 11,120 shares of the company’s stock valued at $269,000 after purchasing an additional 788 shares during the last quarter. Finally, Kovack Advisors Inc. boosted its position in shares of Invesco Variable Rate Preferred ETF by 8.6% in the 4th quarter. Kovack Advisors Inc. now owns 11,235 shares of the company’s stock worth $272,000 after purchasing an additional 885 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Up 0.2 %

VRP stock opened at $24.27 on Friday. The business has a 50 day moving average of $24.35 and a 200 day moving average of $24.39. Invesco Variable Rate Preferred ETF has a twelve month low of $23.40 and a twelve month high of $24.67.

Invesco Variable Rate Preferred ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.1031 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.