SignalPoint Asset Management LLC Has $209,000 Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

SignalPoint Asset Management LLC decreased its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 18.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,649 shares of the company’s stock after selling 1,979 shares during the quarter. SignalPoint Asset Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of Invesco Variable Rate Preferred ETF by 10.7% in the second quarter. Bank of New York Mellon Corp now owns 20,918 shares of the company’s stock valued at $501,000 after buying an additional 2,024 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Invesco Variable Rate Preferred ETF by 18.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock worth $23,228,000 after acquiring an additional 152,981 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 0.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 459,464 shares of the company’s stock worth $11,008,000 after buying an additional 2,673 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Invesco Variable Rate Preferred ETF by 20.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 43,953 shares of the company’s stock valued at $1,053,000 after acquiring an additional 7,400 shares during the period. Finally, Insigneo Advisory Services LLC raised its stake in Invesco Variable Rate Preferred ETF by 25.2% in the second quarter. Insigneo Advisory Services LLC now owns 20,528 shares of the company’s stock valued at $485,000 after purchasing an additional 4,126 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

NYSEARCA VRP opened at $24.28 on Friday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.20 and a fifty-two week high of $24.67. The stock has a 50 day simple moving average of $24.36 and a two-hundred day simple moving average of $24.29.

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.