Stelac Advisory Services LLC Trims Stock Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Stelac Advisory Services LLC decreased its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRPFree Report) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,319 shares of the company’s stock after selling 3,655 shares during the quarter. Stelac Advisory Services LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $1,092,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. UBS Group AG increased its stake in shares of Invesco Variable Rate Preferred ETF by 21.6% in the 3rd quarter. UBS Group AG now owns 2,977,513 shares of the company’s stock worth $66,607,000 after purchasing an additional 529,617 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 127.8% in the third quarter. Envestnet Asset Management Inc. now owns 536,208 shares of the company’s stock worth $11,995,000 after buying an additional 300,826 shares during the period. Windsor Capital Management LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 880.7% during the 4th quarter. Windsor Capital Management LLC now owns 292,346 shares of the company’s stock valued at $6,747,000 after buying an additional 262,536 shares in the last quarter. Graypoint LLC grew its stake in shares of Invesco Variable Rate Preferred ETF by 1,400.6% during the 4th quarter. Graypoint LLC now owns 249,285 shares of the company’s stock valued at $5,753,000 after acquiring an additional 232,673 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Invesco Variable Rate Preferred ETF by 8,895.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 215,890 shares of the company’s stock valued at $4,983,000 after acquiring an additional 213,490 shares during the period.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA VRP traded up $0.02 on Friday, reaching $23.97. 167,850 shares of the stock were exchanged, compared to its average volume of 353,518. Invesco Variable Rate Preferred ETF has a one year low of $21.60 and a one year high of $23.99. The company’s 50-day simple moving average is $23.70 and its two-hundred day simple moving average is $23.27.

About Invesco Variable Rate Preferred ETF

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

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