Prudential PLC Sells 13,000 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Prudential PLC decreased its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 32.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,500 shares of the company’s stock after selling 13,000 shares during the period. Prudential PLC’s holdings in Invesco Variable Rate Preferred ETF were worth $659,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Advisory Alpha LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 5.4% in the first quarter. Advisory Alpha LLC now owns 1,952,413 shares of the company’s stock valued at $46,411,000 after purchasing an additional 100,897 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in Invesco Variable Rate Preferred ETF by 111.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 456,791 shares of the company’s stock worth $10,858,000 after acquiring an additional 240,901 shares during the period. Commonwealth Equity Services LLC increased its holdings in Invesco Variable Rate Preferred ETF by 161.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 449,304 shares of the company’s stock worth $10,680,000 after acquiring an additional 277,685 shares during the period. Evolution Wealth Advisors LLC increased its holdings in Invesco Variable Rate Preferred ETF by 0.3% during the 1st quarter. Evolution Wealth Advisors LLC now owns 436,032 shares of the company’s stock worth $10,364,000 after acquiring an additional 1,137 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its holdings in Invesco Variable Rate Preferred ETF by 33.7% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 431,066 shares of the company’s stock worth $10,328,000 after acquiring an additional 108,692 shares during the period.

Invesco Variable Rate Preferred ETF Stock Up 0.5 %

Invesco Variable Rate Preferred ETF stock opened at $24.50 on Friday. The firm’s 50 day simple moving average is $24.09 and its 200 day simple moving average is $23.87. Invesco Variable Rate Preferred ETF has a 1-year low of $21.60 and a 1-year high of $24.50.

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.