Financial Counselors Inc. Has $1.10 Million Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Financial Counselors Inc. boosted its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,386 shares of the company’s stock after purchasing an additional 1,674 shares during the quarter. Financial Counselors Inc. owned about 0.07% of Invesco Variable Rate Preferred ETF worth $1,098,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. acquired a new position in shares of Invesco Variable Rate Preferred ETF during the fourth quarter valued at about $498,000. Truist Financial Corp lifted its position in Invesco Variable Rate Preferred ETF by 8.3% in the 4th quarter. Truist Financial Corp now owns 17,760 shares of the company’s stock valued at $430,000 after acquiring an additional 1,363 shares in the last quarter. Harbour Investments Inc. boosted its stake in Invesco Variable Rate Preferred ETF by 238.7% during the 4th 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 last quarter. Bank of New York Mellon Corp increased its holdings in Invesco Variable Rate Preferred ETF by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 24,078 shares of the company’s stock worth $582,000 after purchasing an additional 1,446 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter worth approximately $219,000.

Invesco Variable Rate Preferred ETF Stock Performance

VRP stock opened at $24.27 on Friday. Invesco Variable Rate Preferred ETF has a twelve month low of $23.40 and a twelve month high of $24.67. The stock’s 50 day moving average is $24.35 and its 200-day moving average is $24.39.

Invesco Variable Rate Preferred ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.1031 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.