JPMorgan Chase & Co. Grows Position in Invesco Variable Rate Preferred ETF $VRP

JPMorgan Chase & Co. lifted its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 30.2% during the second quarter, Holdings Channel.com reports. The firm owned 1,176,181 shares of the company’s stock after acquiring an additional 272,670 shares during the period. JPMorgan Chase & Co.’s holdings in Invesco Variable Rate Preferred ETF were worth $28,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in VRP. Envestnet Asset Management Inc. boosted its holdings in Invesco Variable Rate Preferred ETF by 11.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,462,600 shares of the company’s stock worth $35,761,000 after buying an additional 152,363 shares in the last quarter. Stephens Inc. AR increased its holdings in Invesco Variable Rate Preferred ETF by 0.5% in the second quarter. Stephens Inc. AR now owns 1,384,622 shares of the company’s stock valued at $33,854,000 after buying an additional 6,531 shares in the last quarter. Advisors Capital Management LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 8.8% in the second quarter. Advisors Capital Management LLC now owns 1,208,994 shares of the company’s stock worth $29,560,000 after acquiring an additional 97,360 shares during the period. HighTower Advisors LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 7.1% during the 1st quarter. HighTower Advisors LLC now owns 1,020,941 shares of the company’s stock worth $24,748,000 after acquiring an additional 67,741 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in shares of Invesco Variable Rate Preferred ETF by 3.3% during the 1st quarter. Benjamin Edwards Inc. now owns 582,760 shares of the company’s stock worth $14,126,000 after acquiring an additional 18,717 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.49 on Thursday. Invesco Variable Rate Preferred ETF has a twelve month low of $23.03 and a twelve month high of $24.93. The business has a 50-day moving average price of $24.61 and a 200 day moving average price of $24.52.

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.