Janney Montgomery Scott LLC Sells 287,847 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Janney Montgomery Scott LLC reduced its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRPFree Report) by 50.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 284,331 shares of the company’s stock after selling 287,847 shares during the period. Janney Montgomery Scott LLC owned 0.43% of Invesco Variable Rate Preferred ETF worth $6,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VRP. Captrust Financial Advisors increased its holdings in shares of Invesco Variable Rate Preferred ETF by 1,818.0% in the second quarter. Captrust Financial Advisors now owns 1,918 shares of the company’s stock valued at $43,000 after purchasing an additional 1,818 shares during the last quarter. Worth Asset Management LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF in the first quarter valued at about $54,000. Meitav Investment House Ltd. acquired a new position in shares of Invesco Variable Rate Preferred ETF in the second quarter valued at about $55,000. Retirement Group LLC grew its stake in shares of Invesco Variable Rate Preferred ETF by 6.9% in the second quarter. Retirement Group LLC now owns 8,214 shares of the company’s stock valued at $183,000 after acquiring an additional 533 shares in the last quarter. Finally, Petix & Botte Co acquired a new position in shares of Invesco Variable Rate Preferred ETF in the second quarter valued at about $205,000.

Invesco Variable Rate Preferred ETF Stock Performance

VRP stock opened at $23.45 on Monday. The company’s 50-day simple moving average is $23.16 and its 200 day simple moving average is $22.64. Invesco Variable Rate Preferred ETF has a 52 week low of $20.88 and a 52 week high of $23.70.

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.

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

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