Cherry Tree Wealth Management LLC Has $1.15 Million Stock Position in Invesco Variable Rate Preferred ETF $VRP

Cherry Tree Wealth Management LLC reduced its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 38.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 47,325 shares of the company’s stock after selling 29,838 shares during the period. Cherry Tree Wealth Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $1,151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Invesco Variable Rate Preferred ETF by 6.2% in the 3rd quarter. Bank of America Corp DE now owns 8,491,380 shares of the company’s stock valued at $209,737,000 after buying an additional 497,911 shares during the period. UBS Group AG increased its stake in shares of Invesco Variable Rate Preferred ETF by 1.0% in the 4th quarter. UBS Group AG now owns 2,175,176 shares of the company’s stock valued at $52,922,000 after buying an additional 21,479 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Invesco Variable Rate Preferred ETF by 47.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,737,992 shares of the company’s stock valued at $42,928,000 after buying an additional 561,811 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Invesco Variable Rate Preferred ETF by 11.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,628,178 shares of the company’s stock valued at $40,216,000 after buying an additional 165,578 shares during the period. Finally, Advisors Capital Management LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 9.9% in the 4th quarter. Advisors Capital Management LLC now owns 1,425,305 shares of the company’s stock valued at $34,678,000 after buying an additional 128,501 shares during the period.

Invesco Variable Rate Preferred ETF Price Performance

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.36 on Friday. Invesco Variable Rate Preferred ETF has a 12 month low of $23.71 and a 12 month high of $24.93. The business has a fifty day simple moving average of $24.24 and a 200 day simple moving average of $24.37.

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.