Truist Financial Corp Boosts Stock Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Truist Financial Corp boosted its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,776 shares of the company’s stock after buying an additional 421 shares during the quarter. Truist Financial Corp’s holdings in Invesco Variable Rate Preferred ETF were worth $426,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in Invesco Variable Rate Preferred ETF by 75,025.0% in the first quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock valued at $71,000 after acquiring an additional 3,001 shares in the last quarter. Key Financial Inc boosted its stake in shares of Invesco Variable Rate Preferred ETF by 59.6% during the second quarter. Key Financial Inc now owns 3,370 shares of the company’s stock worth $81,000 after buying an additional 1,259 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 33.4% during the first quarter. Sound Income Strategies LLC now owns 3,996 shares of the company’s stock worth $95,000 after buying an additional 1,000 shares during the period. ORG Partners LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the second quarter worth about $140,000. Finally, MGB Wealth Management LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 19.6% during the first quarter. MGB Wealth Management LLC now owns 7,937 shares of the company’s stock worth $189,000 after buying an additional 1,300 shares during the period.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP opened at $24.63 on Friday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $21.60 and a fifty-two week high of $24.66. The firm has a 50-day simple moving average of $24.35 and a 200-day simple moving average of $24.01.

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.