Janney Montgomery Scott LLC grew its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) by 13.5% in the first quarter, Holdings Channel reports. The institutional investor owned 393,325 shares of the company’s stock after acquiring an additional 46,747 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $9,432,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 561,811 shares during the period. Calton & Associates Inc. acquired a new position in Invesco Variable Rate Preferred ETF during the fourth quarter worth $597,000. Matthew Goff Investment Advisor LLC acquired a new position in Invesco Variable Rate Preferred ETF during the first quarter worth $9,708,000. Bristlecone Value Partners LLC purchased a new position in Invesco Variable Rate Preferred ETF during the fourth quarter valued at $908,000. Finally, Blue Water Asset Management purchased a new position in Invesco Variable Rate Preferred ETF during the fourth quarter valued at $6,790,000.
Invesco Variable Rate Preferred ETF Trading Up 0.3%
Shares of NYSEARCA VRP opened at $24.41 on Friday. The company’s 50-day simple moving average is $24.33 and its 200-day simple moving average is $24.35. Invesco Variable Rate Preferred ETF has a 52-week low of $23.71 and a 52-week 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.
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Want to see what other hedge funds are holding VRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report).
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