SeaBridge Investment Advisors LLC Has $4.39 Million Stock Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

SeaBridge Investment Advisors LLC lowered its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 181,396 shares of the company’s stock after selling 2,387 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $4,388,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Coastline Trust Co acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the third quarter worth $142,000. Zhang Financial LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the fourth quarter worth $202,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the third quarter worth $213,000. Proficio Capital Partners LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 4.8% during the third quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock worth $221,000 after buying an additional 415 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. bought a new position in shares of Invesco Variable Rate Preferred ETF in the third quarter worth $225,000.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA VRP opened at $24.32 on Friday. Invesco Variable Rate Preferred ETF has a 52 week low of $23.32 and a 52 week high of $24.67. The stock’s fifty day moving average is $24.33 and its 200 day moving average is $24.30.

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.