Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 47.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,020 shares of the company’s stock after selling 330,247 shares during the period. JPMorgan Chase & Co. owned about 0.54% of Invesco Variable Rate Preferred ETF worth $9,051,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. CWM LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 14.4% in the 3rd quarter. CWM LLC now owns 31,991 shares of the company’s stock worth $783,000 after buying an additional 4,038 shares during the last quarter. Truist Financial Corp lifted its position in shares of Invesco Variable Rate Preferred ETF by 2.4% in the 2nd quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock worth $426,000 after buying an additional 421 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 18.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock worth $23,228,000 after buying an additional 152,981 shares during the last quarter. Advisory Alpha LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 2.9% in the 2nd quarter. Advisory Alpha LLC now owns 2,009,869 shares of the company’s stock worth $48,158,000 after buying an additional 57,456 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 0.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 459,464 shares of the company’s stock worth $11,008,000 after buying an additional 2,673 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Invesco Variable Rate Preferred ETF stock opened at $24.07 on Tuesday. The firm’s 50-day moving average is $24.37 and its 200-day moving average is $24.28. Invesco Variable Rate Preferred ETF has a 1 year low of $23.20 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.