Ameritas Advisory Services LLC Reduces Position in Invesco Variable Rate Preferred ETF $VRP

Ameritas Advisory Services LLC decreased its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 16.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 55,109 shares of the company’s stock after selling 10,579 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $1,347,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VRP. Smallwood Wealth Investment Management LLC purchased a new stake in Invesco Variable Rate Preferred ETF during the 1st quarter valued at about $35,000. Westend Capital Management LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the first quarter valued at approximately $107,000. Harbour Investments Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 58.2% in the first quarter. Harbour Investments Inc. now owns 4,490 shares of the company’s stock valued at $109,000 after purchasing an additional 1,652 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 6.8% in the first quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock valued at $276,000 after purchasing an additional 721 shares in the last quarter. Finally, Endowment Wealth Management Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 5.1% in the first quarter. Endowment Wealth Management Inc. now owns 11,689 shares of the company’s stock valued at $283,000 after purchasing an additional 569 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA:VRP opened at $24.76 on Friday. The business has a fifty day moving average of $24.62 and a two-hundred day moving average of $24.33. 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 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.