Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Sold by Palouse Capital Management Inc.

Palouse Capital Management Inc. trimmed its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,488 shares of the company’s stock after selling 1,397 shares during the quarter. Palouse Capital Management Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $634,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Invesco Variable Rate Preferred ETF by 10.8% in the 1st quarter. JPMorgan Chase & Co. now owns 389,761 shares of the company’s stock valued at $9,526,000 after buying an additional 37,974 shares during the period. Bank of New York Mellon Corp grew its holdings in Invesco Variable Rate Preferred ETF by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 137,826 shares of the company’s stock worth $3,369,000 after acquiring an additional 4,563 shares during the period. Citigroup Inc. grew its holdings in Invesco Variable Rate Preferred ETF by 59.7% during the first quarter. Citigroup Inc. now owns 109,807 shares of the company’s stock worth $2,683,000 after acquiring an additional 41,053 shares during the period. Cetera Investment Advisers grew its holdings in Invesco Variable Rate Preferred ETF by 41.0% during the first quarter. Cetera Investment Advisers now owns 56,253 shares of the company’s stock worth $1,375,000 after acquiring an additional 16,365 shares during the period. Finally, Worth Asset Management LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the first quarter valued at $54,000.

Invesco Variable Rate Preferred ETF Trading Down 0.2 %

Shares of VRP stock traded down $0.04 during mid-day trading on Friday, reaching $23.48. The stock had a trading volume of 336,594 shares, compared to its average volume of 342,922. Invesco Variable Rate Preferred ETF has a 12-month low of $21.36 and a 12-month high of $23.87. The business has a 50-day simple moving average of $23.62 and a 200 day simple moving average of $23.00.

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.