Stephens Inc. AR Boosts Stock Position in Invesco Variable Rate Preferred ETF $VRP

Stephens Inc. AR boosted its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,384,622 shares of the company’s stock after buying an additional 6,531 shares during the quarter. Stephens Inc. AR owned approximately 1.58% of Invesco Variable Rate Preferred ETF worth $33,854,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its stake in Invesco Variable Rate Preferred ETF by 5.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 93,841 shares of the company’s stock valued at $2,275,000 after acquiring an additional 5,240 shares during the period. Envestnet Asset Management Inc. grew its position in Invesco Variable Rate Preferred ETF by 13.3% during the first quarter. Envestnet Asset Management Inc. now owns 1,310,237 shares of the company’s stock worth $31,760,000 after buying an additional 153,679 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Invesco Variable Rate Preferred ETF by 2.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 300,144 shares of the company’s stock worth $7,276,000 after acquiring an additional 6,822 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 5.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 188,339 shares of the company’s stock valued at $4,565,000 after acquiring an additional 10,015 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Invesco Variable Rate Preferred ETF by 6.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock valued at $276,000 after acquiring an additional 721 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of NYSEARCA VRP opened at $24.70 on Monday. The business has a 50-day moving average of $24.67 and a 200-day moving average of $24.36. Invesco Variable Rate Preferred ETF has a 12 month low of $23.03 and a 12 month high of $24.93.

About Invesco Variable Rate Preferred ETF

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.