Raymond James & Associates Sells 1,070 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Raymond James & Associates cut its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,361 shares of the company’s stock after selling 1,070 shares during the quarter. Raymond James & Associates owned approximately 0.16% of Invesco Variable Rate Preferred ETF worth $2,602,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Truist Financial Corp raised its position in shares of Invesco Variable Rate Preferred ETF by 2.4% in the second quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock valued at $426,000 after purchasing an additional 421 shares during the period. Thoroughbred Financial Services LLC increased its position in Invesco Variable Rate Preferred ETF by 3.9% during the second quarter. Thoroughbred Financial Services LLC now owns 11,533 shares of the company’s stock worth $276,000 after acquiring an additional 435 shares during the period. B. Riley Wealth Advisors Inc. increased its position in Invesco Variable Rate Preferred ETF by 2.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 24,188 shares of the company’s stock worth $580,000 after acquiring an additional 481 shares during the period. Ausdal Financial Partners Inc. increased its position in Invesco Variable Rate Preferred ETF by 0.9% during the second quarter. Ausdal Financial Partners Inc. now owns 55,842 shares of the company’s stock worth $1,338,000 after acquiring an additional 482 shares during the period. Finally, MFA Wealth Advisors LLC increased its position in Invesco Variable Rate Preferred ETF by 2.2% during the second quarter. MFA Wealth Advisors LLC now owns 22,515 shares of the company’s stock worth $539,000 after acquiring an additional 490 shares during the period.

Invesco Variable Rate Preferred ETF Stock Up 0.1 %

NYSEARCA:VRP opened at $24.46 on Wednesday. Invesco Variable Rate Preferred ETF has a 52 week low of $22.17 and a 52 week high of $24.67. The firm’s 50-day simple moving average is $24.43 and its 200 day simple moving average is $24.09.

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.