Atwood & Palmer Inc. Cuts Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Atwood & Palmer Inc. cut its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 50.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,233 shares of the company’s stock after selling 4,318 shares during the period. Atwood & Palmer Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Truist Financial Corp lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 2.4% in the second quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock worth $426,000 after buying an additional 421 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in Invesco Variable Rate Preferred ETF by 3.9% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 11,533 shares of the company’s stock worth $276,000 after purchasing an additional 435 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 2.0% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 24,188 shares of the company’s stock valued at $580,000 after purchasing an additional 481 shares during the last quarter. Ausdal Financial Partners Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 0.9% during the second quarter. Ausdal Financial Partners Inc. now owns 55,842 shares of the company’s stock valued at $1,338,000 after purchasing an additional 482 shares in the last quarter. Finally, MFA Wealth Advisors LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 2.2% in the second quarter. MFA Wealth Advisors LLC now owns 22,515 shares of the company’s stock worth $539,000 after purchasing an additional 490 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.33 on Tuesday. The stock has a 50 day moving average of $24.24 and a 200 day moving average of $23.98. Invesco Variable Rate Preferred ETF has a 12 month low of $21.60 and a 12 month high of $24.66.

Invesco Variable Rate Preferred ETF 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.