Royal Bank of Canada Trims Stock Holdings in Invesco Variable Rate Preferred ETF $VRP

Royal Bank of Canada cut its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 8.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 721,841 shares of the company’s stock after selling 66,429 shares during the quarter. Royal Bank of Canada owned approximately 0.68% of Invesco Variable Rate Preferred ETF worth $17,310,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Advisory Services Network LLC grew its holdings in Invesco Variable Rate Preferred ETF by 1.4% during the 3rd quarter. Advisory Services Network LLC now owns 33,782 shares of the company’s stock worth $834,000 after acquiring an additional 458 shares in the last quarter. Equitable Holdings Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 3.8% in the 4th quarter. Equitable Holdings Inc. now owns 13,531 shares of the company’s stock valued at $329,000 after purchasing an additional 493 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Invesco Variable Rate Preferred ETF by 7.7% during the fourth quarter. Blair William & Co. IL now owns 6,986 shares of the company’s stock worth $170,000 after purchasing an additional 501 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 1.4% during the second quarter. Corient Private Wealth LLC now owns 36,992 shares of the company’s stock worth $904,000 after purchasing an additional 520 shares during the last quarter. Finally, Endowment Wealth Management Inc. grew its stake in Invesco Variable Rate Preferred ETF by 3.5% in the fourth quarter. Endowment Wealth Management Inc. now owns 16,481 shares of the company’s stock worth $401,000 after purchasing an additional 554 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.23 on Friday. The business has a 50-day moving average price of $24.31 and a 200 day moving average price of $24.32. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.71 and a fifty-two week high of $24.93.

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.