Envestnet Asset Management Inc. Raises Stock Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Envestnet Asset Management Inc. increased its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 18.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 969,444 shares of the company’s stock after acquiring an additional 152,981 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $23,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRP. Synergy Asset Management LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the first quarter worth $7,554,000. Commonwealth Equity Services LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 161.8% during the first quarter. Commonwealth Equity Services LLC now owns 449,304 shares of the company’s stock worth $10,680,000 after buying an additional 277,685 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 111.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 456,791 shares of the company’s stock worth $10,858,000 after buying an additional 240,901 shares in the last quarter. All Season Financial Advisors Inc. purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the second quarter worth $3,285,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the fourth quarter worth $2,914,000.

Invesco Variable Rate Preferred ETF Stock Down 0.0 %

Invesco Variable Rate Preferred ETF stock opened at $24.63 on Monday. Invesco Variable Rate Preferred ETF has a 52-week low of $21.60 and a 52-week high of $24.66. The company has a fifty day simple moving average of $24.14 and a 200-day simple moving average of $23.91.

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.