Kades & Cheifetz LLC Sells 911 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Kades & Cheifetz LLC cut its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,278 shares of the company’s stock after selling 911 shares during the quarter. Kades & Cheifetz LLC owned approximately 0.05% of Invesco Variable Rate Preferred ETF worth $887,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF in the 2nd quarter valued at approximately $6,121,000. Cetera Investment Advisers grew its holdings in shares of Invesco Variable Rate Preferred ETF by 66.6% during the second quarter. Cetera Investment Advisers now owns 145,033 shares of the company’s stock valued at $3,475,000 after buying an additional 57,985 shares during the last quarter. Advisory Alpha LLC increased its position in shares of Invesco Variable Rate Preferred ETF by 2.9% in the 2nd quarter. Advisory Alpha LLC now owns 2,009,869 shares of the company’s stock valued at $48,158,000 after acquiring an additional 57,456 shares during the period. Truist Financial Corp lifted its position in Invesco Variable Rate Preferred ETF by 2.4% during the 2nd quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock worth $426,000 after acquiring an additional 421 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its stake in Invesco Variable Rate Preferred ETF by 2.0% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 24,188 shares of the company’s stock valued at $580,000 after purchasing an additional 481 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA:VRP opened at $24.50 on Thursday. Invesco Variable Rate Preferred ETF has a 52-week low of $21.60 and a 52-week high of $24.66. The business has a 50-day moving average price of $24.21 and a 200-day moving average price of $23.96.

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.