Bank of New York Mellon Corp Increases Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Bank of New York Mellon Corp raised its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,078 shares of the company’s stock after purchasing an additional 1,446 shares during the quarter. Bank of New York Mellon Corp’s holdings in Invesco Variable Rate Preferred ETF were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VRP. Boyd Watterson Asset Management LLC OH bought a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at $27,000. Zhang Financial LLC purchased a new position in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $202,000. Partners Wealth Management LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the fourth quarter valued at about $212,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter worth about $219,000. Finally, International Assets Investment Management LLC bought a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $235,000.

Invesco Variable Rate Preferred ETF Stock Up 0.2 %

Invesco Variable Rate Preferred ETF stock opened at $24.27 on Friday. Invesco Variable Rate Preferred ETF has a 1-year low of $23.40 and a 1-year high of $24.67. The firm’s 50 day simple moving average is $24.35 and its 200 day simple moving average is $24.39.

Invesco Variable Rate Preferred ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a $0.1031 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.