James Investment Research Inc. Reduces Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

James Investment Research Inc. lowered its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 34.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,179 shares of the company’s stock after selling 24,837 shares during the quarter. James Investment Research Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $1,178,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Gladstone Institutional Advisory LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 2.7% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 45,823 shares of the company’s stock valued at $1,121,000 after acquiring an additional 1,207 shares during the period. Principal Securities Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 10.7% during the third quarter. Principal Securities Inc. now owns 168,993 shares of the company’s stock worth $4,134,000 after purchasing an additional 16,273 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of Invesco Variable Rate Preferred ETF by 0.4% during the third quarter. Stephens Inc. AR now owns 1,414,175 shares of the company’s stock valued at $34,591,000 after purchasing an additional 5,892 shares during the period. Goldstone Financial Group LLC bought a new position in shares of Invesco Variable Rate Preferred ETF in the third quarter worth about $1,394,000. Finally, Diversify Wealth Management LLC increased its stake in Invesco Variable Rate Preferred ETF by 40.5% in the 3rd quarter. Diversify Wealth Management LLC now owns 12,391 shares of the company’s stock worth $301,000 after buying an additional 3,573 shares during the period.

Invesco Variable Rate Preferred ETF Trading Down 0.0 %

Shares of VRP opened at $24.40 on Friday. Invesco Variable Rate Preferred ETF has a 1-year low of $21.89 and a 1-year high of $24.67. The company has a 50-day moving average of $24.43 and a 200 day moving average of $24.08.

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.