Stephens Inc. AR Purchases 64,978 Shares of Invesco Variable Rate Preferred ETF $VRP

Stephens Inc. AR lifted its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 4.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,478,797 shares of the company’s stock after purchasing an additional 64,978 shares during the quarter. Stephens Inc. AR’s holdings in Invesco Variable Rate Preferred ETF were worth $35,462,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in Invesco Variable Rate Preferred ETF during the fourth quarter valued at approximately $51,000. Private Trust Co. NA lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 165.2% in the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock worth $54,000 after acquiring an additional 1,376 shares during the last quarter. LFA Lugano Financial Advisors SA lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 136.8% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after acquiring an additional 2,927 shares during the last quarter. Luken Investment Analytics LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter valued at $135,000. Finally, Blueline Advisors LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter valued at $150,000.

Invesco Variable Rate Preferred ETF Price Performance

VRP stock opened at $24.41 on Monday. The firm’s fifty day moving average is $24.33 and its 200 day moving average is $24.34. Invesco Variable Rate Preferred ETF has a 52 week low of $23.71 and a 52 week high of $24.93.

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.