Principal Financial Group Inc. Has $998,000 Position in Invesco Variable Rate Preferred ETF $VRP

Principal Financial Group Inc. cut its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 57.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,623 shares of the company’s stock after selling 55,215 shares during the quarter. Principal Financial Group Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $998,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VRP. International Assets Investment Management LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at about $51,000. Private Trust Co. NA raised its holdings in Invesco Variable Rate Preferred ETF by 165.2% during the fourth 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 in the last quarter. LFA Lugano Financial Advisors SA boosted its position in Invesco Variable Rate Preferred ETF by 136.8% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock valued at $123,000 after purchasing an additional 2,927 shares during the last quarter. Luken Investment Analytics LLC bought a new position in Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $135,000. Finally, Ascentis Independent Advisors bought a new position in Invesco Variable Rate Preferred ETF in the first quarter valued at approximately $141,000.

Invesco Variable Rate Preferred ETF Stock Up 0.2%

NYSEARCA:VRP opened at $24.14 on Friday. Invesco Variable Rate Preferred ETF has a twelve month low of $23.71 and a twelve month high of $24.93. The stock’s 50 day moving average price is $24.32 and its two-hundred day moving average price is $24.33.

About Invesco Variable Rate Preferred ETF

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.