Park Avenue Securities LLC Has $10.19 Million Stock Holdings in Invesco Variable Rate Preferred ETF $VRP

Park Avenue Securities LLC raised its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 176.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 418,736 shares of the company’s stock after buying an additional 267,429 shares during the period. Park Avenue Securities LLC owned about 0.44% of Invesco Variable Rate Preferred ETF worth $10,188,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Advisors Preferred LLC grew its position in shares of Invesco Variable Rate Preferred ETF by 296.9% in the third quarter. Advisors Preferred LLC now owns 6,612 shares of the company’s stock valued at $164,000 after purchasing an additional 4,946 shares during the last quarter. Crumly & Associates Inc. bought a new stake in Invesco Variable Rate Preferred ETF in the 3rd quarter valued at $212,000. Diversify Advisory Services LLC acquired a new position in Invesco Variable Rate Preferred ETF in the 2nd quarter valued at $220,000. Huntleigh Advisors Inc. bought a new position in Invesco Variable Rate Preferred ETF during the 3rd quarter worth $226,000. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 7.8% during the third quarter. Stratos Wealth Partners LTD. now owns 9,567 shares of the company’s stock worth $236,000 after buying an additional 690 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

VRP stock opened at $24.03 on Friday. The company’s 50-day simple moving average is $24.42 and its 200 day simple moving average is $24.52. Invesco Variable Rate Preferred ETF has a 52 week low of $23.03 and a 52 week high of $24.93.

Invesco Variable Rate Preferred ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a $0.1019 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Invesco Variable Rate Preferred ETF Company 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.