Kestra Private Wealth Services LLC Decreases Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Kestra Private Wealth Services LLC trimmed its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 12.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,500 shares of the company’s stock after selling 10,493 shares during the period. Kestra Private Wealth Services LLC owned about 0.10% of Invesco Variable Rate Preferred ETF worth $1,730,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VRP. Truist Financial Corp increased its stake in Invesco Variable Rate Preferred ETF by 2.4% in the 2nd quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock worth $426,000 after purchasing an additional 421 shares during the period. CWM LLC increased its stake in Invesco Variable Rate Preferred ETF by 14.4% in the 3rd quarter. CWM LLC now owns 31,991 shares of the company’s stock worth $783,000 after purchasing an additional 4,038 shares during the period. Addison Capital Co increased its stake in Invesco Variable Rate Preferred ETF by 4.2% in the 3rd quarter. Addison Capital Co now owns 84,976 shares of the company’s stock worth $2,079,000 after purchasing an additional 3,405 shares during the period. Palouse Capital Management Inc. increased its stake in Invesco Variable Rate Preferred ETF by 5.8% in the 3rd quarter. Palouse Capital Management Inc. now owns 23,344 shares of the company’s stock worth $571,000 after purchasing an additional 1,272 shares during the period. Finally, Whittier Trust Co. increased its stake in Invesco Variable Rate Preferred ETF by 12.5% in the 3rd quarter. Whittier Trust Co. now owns 179,982 shares of the company’s stock worth $4,400,000 after purchasing an additional 20,050 shares during the period.

Invesco Variable Rate Preferred ETF Stock Down 0.1 %

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.42 on Wednesday. The business’s 50 day simple moving average is $24.32 and its two-hundred day simple moving average is $24.32. Invesco Variable Rate Preferred ETF has a one year low of $23.37 and a one year high of $24.67.

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.