Principal Financial Group Inc. Takes $498,000 Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Principal Financial Group Inc. bought a new position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 20,578 shares of the company’s stock, valued at approximately $498,000.

Other institutional investors also recently bought and sold shares of the company. Coastline Trust Co purchased a new position in Invesco Variable Rate Preferred ETF during the third quarter valued at approximately $142,000. Zhang Financial LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at $202,000. Stratos Wealth Partners LTD. bought a new position in Invesco Variable Rate Preferred ETF in the 4th quarter worth $219,000. Proficio Capital Partners LLC raised its holdings in Invesco Variable Rate Preferred ETF by 4.8% during the third quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock valued at $221,000 after acquiring an additional 415 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at about $235,000.

Invesco Variable Rate Preferred ETF Stock Down 0.2 %

NYSEARCA VRP opened at $24.35 on Friday. Invesco Variable Rate Preferred ETF has a twelve month low of $23.40 and a twelve month high of $24.67. The business has a 50-day moving average price of $24.33 and a 200-day moving average price of $24.38.

Invesco Variable Rate Preferred ETF 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.