Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 18.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 969,444 shares of the company’s stock after acquiring an additional 152,981 shares during the period. Envestnet Asset Management Inc. owned approximately 1.42% of Invesco Variable Rate Preferred ETF worth $23,228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VRP. Principal Financial Group Inc. acquired a new position in shares of Invesco Variable Rate Preferred ETF in the 4th quarter valued at $2,914,000. D.A. Davidson & CO. lifted its stake in shares of Invesco Variable Rate Preferred ETF by 6.0% in the 4th quarter. D.A. Davidson & CO. now owns 33,979 shares of the company’s stock valued at $784,000 after purchasing an additional 1,910 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF by 51.2% in the 4th quarter. Corient Private Wealth LLC now owns 46,946 shares of the company’s stock valued at $1,084,000 after purchasing an additional 15,887 shares during the period. Commerce Bank acquired a new position in shares of Invesco Variable Rate Preferred ETF in the 4th quarter valued at $205,000. Finally, Advisory Services Network LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF by 3.3% in the 4th quarter. Advisory Services Network LLC now owns 45,457 shares of the company’s stock valued at $1,049,000 after purchasing an additional 1,437 shares during the period.

Invesco Variable Rate Preferred ETF Trading Down 0.0 %

VRP opened at $24.63 on Monday. The firm has a fifty day moving average price of $24.14 and a 200 day moving average price of $23.91. Invesco Variable Rate Preferred ETF has a 1 year low of $21.60 and a 1 year high of $24.66.

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.