Renaissance Technologies LLC Sells 33,560 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Renaissance Technologies LLC reduced its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,073 shares of the company’s stock after selling 33,560 shares during the quarter. Renaissance Technologies LLC owned 0.56% of Invesco Variable Rate Preferred ETF worth $9,154,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in VRP. Principal Financial Group Inc. acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $2,914,000. D.A. Davidson & CO. boosted its position in Invesco Variable Rate Preferred ETF by 6.0% during the fourth quarter. D.A. Davidson & CO. now owns 33,979 shares of the company’s stock worth $784,000 after purchasing an additional 1,910 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 51.2% in the fourth quarter. Corient Private Wealth LLC now owns 46,946 shares of the company’s stock valued at $1,084,000 after purchasing an additional 15,887 shares during the last quarter. Commerce Bank bought a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at about $205,000. Finally, Advisory Services Network LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF by 3.3% during the 4th quarter. Advisory Services Network LLC now owns 45,457 shares of the company’s stock worth $1,049,000 after buying an additional 1,437 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP opened at $24.51 on Wednesday. Invesco Variable Rate Preferred ETF has a 52 week low of $21.60 and a 52 week high of $24.66. The firm’s 50-day simple moving average is $24.16 and its 200 day simple moving average is $23.93.

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.