Courier Capital LLC Lowers Stock Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Courier Capital LLC trimmed its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,299 shares of the company’s stock after selling 907 shares during the quarter. Courier Capital LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VRP. Sound Income Strategies LLC bought a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter worth approximately $69,000. Vima LLC bought a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter worth approximately $78,000. Fifth Third Bancorp increased its position in shares of Invesco Variable Rate Preferred ETF by 99.3% in the fourth quarter. Fifth Third Bancorp now owns 8,700 shares of the company’s stock worth $201,000 after purchasing an additional 4,335 shares during the last quarter. Commerce Bank bought a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter worth approximately $205,000. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter worth approximately $210,000.

Invesco Variable Rate Preferred ETF Trading Up 0.1 %

Shares of NYSEARCA VRP opened at $23.96 on Friday. Invesco Variable Rate Preferred ETF has a one year low of $21.60 and a one year high of $24.08. The firm’s 50 day simple moving average is $23.82 and its two-hundred day simple moving average is $23.57.

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.