Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Acquired by Truist Financial Corp

Truist Financial Corp lifted its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,760 shares of the company’s stock after buying an additional 1,363 shares during the quarter. Truist Financial Corp’s holdings in Invesco Variable Rate Preferred ETF were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in VRP. Spectrum Asset Management Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 1,293.9% during the fourth quarter. Spectrum Asset Management Inc. now owns 863,487 shares of the company’s stock worth $20,888,000 after buying an additional 801,539 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 814.2% during the third quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock worth $13,128,000 after buying an additional 478,001 shares in the last quarter. Ocean Park Asset Management LLC grew its position in shares of Invesco Variable Rate Preferred ETF by 54.1% during the fourth quarter. Ocean Park Asset Management LLC now owns 610,200 shares of the company’s stock worth $14,761,000 after buying an additional 214,300 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Invesco Variable Rate Preferred ETF by 16.9% during the third quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock worth $20,909,000 after buying an additional 123,324 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 81.2% in the third quarter. Jane Street Group LLC now owns 220,367 shares of the company’s stock worth $5,390,000 after purchasing an additional 98,725 shares during the period.

Invesco Variable Rate Preferred ETF Stock Down 0.5 %

Invesco Variable Rate Preferred ETF stock opened at $24.30 on Wednesday. The company has a fifty day moving average price of $24.32 and a two-hundred day moving average price of $24.38. Invesco Variable Rate Preferred ETF has a 12 month low of $23.40 and a 12 month high of $24.67.

Invesco Variable Rate Preferred ETF Company 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.