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

Principal Securities Inc. increased its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 0.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 171,943 shares of the company’s stock after acquiring an additional 463 shares during the quarter. Principal Securities Inc. owned approximately 0.21% of Invesco Variable Rate Preferred ETF worth $4,159,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mechanics Financial Corp purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the fourth quarter worth $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the first quarter valued at about $35,000. Harbour Investments Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 238.7% in the fourth quarter. Harbour Investments Inc. now owns 2,838 shares of the company’s stock valued at $69,000 after purchasing an additional 2,000 shares during the period. Westend Capital Management LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF in the 1st quarter worth approximately $107,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Invesco Variable Rate Preferred ETF by 130.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,794 shares of the company’s stock worth $116,000 after purchasing an additional 2,714 shares during the period.

Invesco Variable Rate Preferred ETF Stock Up 0.1%

NYSEARCA VRP opened at $24.54 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 has a 50-day moving average of $24.24 and a two-hundred day moving average of $24.20.

Invesco Variable Rate Preferred ETF Company 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.