Stephens Inc. AR Boosts Stock Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Stephens Inc. AR lifted its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,431,932 shares of the company’s stock after purchasing an additional 17,757 shares during the period. Stephens Inc. AR owned about 2.10% of Invesco Variable Rate Preferred ETF worth $34,638,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Coastline Trust Co purchased a new position in shares of Invesco Variable Rate Preferred ETF in the 3rd quarter valued at about $142,000. Zhang Financial LLC purchased a new position in Invesco Variable Rate Preferred ETF in the fourth quarter worth approximately $202,000. Dynamic Advisor Solutions LLC purchased a new position in Invesco Variable Rate Preferred ETF in the third quarter worth approximately $213,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter valued at approximately $219,000. Finally, Proficio Capital Partners LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 4.8% in the 3rd quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock valued at $221,000 after purchasing an additional 415 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Down 0.1 %

Invesco Variable Rate Preferred ETF stock opened at $24.39 on Friday. The company has a fifty day simple moving average of $24.32 and a 200-day simple moving average of $24.31. Invesco Variable Rate Preferred ETF has a 12-month low of $23.32 and a 12-month high of $24.67.

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.