Benjamin F. Edwards & Company Inc. Has $11.01 Million Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Benjamin F. Edwards & Company Inc. lifted its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 0.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 459,464 shares of the company’s stock after purchasing an additional 2,673 shares during the quarter. Benjamin F. Edwards & Company Inc. owned 0.67% of Invesco Variable Rate Preferred ETF worth $11,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets grew 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 purchasing an additional 3,001 shares in the last quarter. Vima LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter valued at approximately $78,000. Key Financial Inc increased its holdings in Invesco Variable Rate Preferred ETF by 59.6% in 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 last quarter. Sound Income Strategies LLC raised its position in 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 valued at $95,000 after acquiring an additional 1,000 shares in the last quarter. Finally, ORG Partners LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the second quarter valued at approximately $140,000.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP opened at $24.64 on Friday. The company’s fifty day moving average is $24.14 and its 200-day moving average is $23.91. Invesco Variable Rate Preferred ETF has a 12 month low of $21.60 and a 12 month 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.