Mercer Global Advisors Inc. ADV Has $456,000 Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Mercer Global Advisors Inc. ADV trimmed its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,050 shares of the company’s stock after selling 1,565 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Invesco Variable Rate Preferred ETF were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Synergy Asset Management LLC bought a new stake in Invesco Variable Rate Preferred ETF during the first quarter worth about $7,554,000. Commonwealth Equity Services LLC raised its stake in Invesco Variable Rate Preferred ETF by 161.8% in the first quarter. Commonwealth Equity Services LLC now owns 449,304 shares of the company’s stock valued at $10,680,000 after buying an additional 277,685 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Invesco Variable Rate Preferred ETF by 111.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 456,791 shares of the company’s stock valued at $10,858,000 after buying an additional 240,901 shares during the period. Ocean Park Asset Management LLC raised its stake in Invesco Variable Rate Preferred ETF by 76.1% in the second quarter. Ocean Park Asset Management LLC now owns 395,900 shares of the company’s stock valued at $9,486,000 after buying an additional 171,100 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Invesco Variable Rate Preferred ETF by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock valued at $23,228,000 after buying an additional 152,981 shares during the period.

Invesco Variable Rate Preferred ETF Stock Down 0.2 %

Invesco Variable Rate Preferred ETF stock opened at $24.51 on Friday. Invesco Variable Rate Preferred ETF has a 12 month low of $21.60 and a 12 month high of $24.66. The stock’s 50 day moving average is $24.18 and its 200-day moving average is $23.94.

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.