Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Stake Cut by Dearborn Partners LLC

Dearborn Partners LLC cut its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,829 shares of the company’s stock after selling 2,794 shares during the quarter. Dearborn Partners LLC owned 0.10% of Invesco Variable Rate Preferred ETF worth $1,984,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its stake in Invesco Variable Rate Preferred ETF by 5.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 93,841 shares of the company’s stock valued at $2,275,000 after buying an additional 5,240 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Invesco Variable Rate Preferred ETF by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 1,310,237 shares of the company’s stock valued at $31,760,000 after buying an additional 153,679 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Invesco Variable Rate Preferred ETF by 2.3% in the first quarter. Janney Montgomery Scott LLC now owns 300,144 shares of the company’s stock valued at $7,276,000 after buying an additional 6,822 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Invesco Variable Rate Preferred ETF by 5.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 188,339 shares of the company’s stock valued at $4,565,000 after buying an additional 10,015 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Invesco Variable Rate Preferred ETF by 135.9% in the first quarter. Farther Finance Advisors LLC now owns 15,407 shares of the company’s stock valued at $374,000 after buying an additional 8,876 shares during the last quarter.

Invesco Variable Rate Preferred ETF Trading Down 0.0%

VRP stock opened at $24.43 on Wednesday. Invesco Variable Rate Preferred ETF has a 1 year low of $23.03 and a 1 year high of $24.67. The stock’s fifty day moving average is $24.36 and its two-hundred day moving average is $24.23.

Invesco Variable Rate Preferred ETF 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.