Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Holdings Increased by D.A. Davidson & CO.

D.A. Davidson & CO. increased its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,318 shares of the company’s stock after acquiring an additional 2,750 shares during the period. D.A. Davidson & CO. owned approximately 0.06% of Invesco Variable Rate Preferred ETF worth $1,024,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Truist Financial Corp grew its stake in shares of Invesco Variable Rate Preferred ETF by 8.3% in the 4th quarter. Truist Financial Corp now owns 17,760 shares of the company’s stock worth $430,000 after purchasing an additional 1,363 shares during the last quarter. Burke & Herbert Bank & Trust Co. increased its holdings in shares of Invesco Variable Rate Preferred ETF by 4.7% in the fourth quarter. Burke & Herbert Bank & Trust Co. now owns 62,765 shares of the company’s stock valued at $1,518,000 after buying an additional 2,800 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at $498,000. Spectrum Asset Management Inc. boosted its stake in shares of Invesco Variable Rate Preferred ETF by 1,293.9% during the 4th quarter. Spectrum Asset Management Inc. now owns 863,487 shares of the company’s stock worth $20,888,000 after acquiring an additional 801,539 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 14.6% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 20,083 shares of the company’s stock worth $486,000 after acquiring an additional 2,559 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

NYSEARCA:VRP opened at $24.49 on Monday. The stock has a fifty day simple moving average of $24.32 and a 200 day simple moving average of $24.36. Invesco Variable Rate Preferred ETF has a 1-year low of $23.40 and a 1-year high of $24.67.

About Invesco Variable Rate Preferred ETF

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.