37,337 Shares in Invesco Variable Rate Preferred ETF $VRP Bought by Bristlecone Value Partners LLC

Bristlecone Value Partners LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 37,337 shares of the company’s stock, valued at approximately $908,000. Invesco Variable Rate Preferred ETF accounts for 1.0% of Bristlecone Value Partners LLC’s holdings, making the stock its 21st biggest holding.

Several other hedge funds have also added to or reduced their stakes in VRP. JPMorgan Chase & Co. raised its stake in Invesco Variable Rate Preferred ETF by 47.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,737,992 shares of the company’s stock worth $42,928,000 after buying an additional 561,811 shares during the period. Spectrum Asset Management Inc. raised its stake in Invesco Variable Rate Preferred ETF by 798.8% during the 4th quarter. Spectrum Asset Management Inc. now owns 564,181 shares of the company’s stock worth $13,727,000 after buying an additional 501,409 shares during the period. Bank of America Corp DE raised its stake in Invesco Variable Rate Preferred ETF by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 8,491,380 shares of the company’s stock worth $209,737,000 after buying an additional 497,911 shares during the period. LPL Financial LLC raised its stake in Invesco Variable Rate Preferred ETF by 17.8% during the 4th quarter. LPL Financial LLC now owns 2,652,479 shares of the company’s stock worth $64,535,000 after buying an additional 399,914 shares during the period. Finally, Cordoba Advisory Partners LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter worth $9,066,000.

Invesco Variable Rate Preferred ETF Trading Up 0.1%

VRP stock opened at $24.37 on Friday. The stock has a 50-day moving average price of $24.31 and a two-hundred day moving average price of $24.35. Invesco Variable Rate Preferred ETF has a 1 year low of $23.71 and a 1 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.