Commonwealth Equity Services LLC Has $3.37 Million Position in Invesco Variable Rate Preferred ETF $VRP

Commonwealth Equity Services LLC reduced its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 35.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,435 shares of the company’s stock after selling 76,092 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.14% of Invesco Variable Rate Preferred ETF worth $3,368,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in VRP. JPMorgan Chase & Co. boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 47.8% during the third quarter. JPMorgan Chase & Co. now owns 1,737,992 shares of the company’s stock worth $42,928,000 after purchasing an additional 561,811 shares during the period. Spectrum Asset Management Inc. boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 798.8% during the fourth quarter. Spectrum Asset Management Inc. now owns 564,181 shares of the company’s stock worth $13,727,000 after purchasing an additional 501,409 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 6.2% during the third quarter. Bank of America Corp DE now owns 8,491,380 shares of the company’s stock worth $209,737,000 after purchasing an additional 497,911 shares during the period. LPL Financial LLC lifted its stake in Invesco Variable Rate Preferred ETF by 17.8% in the fourth quarter. LPL Financial LLC now owns 2,652,479 shares of the company’s stock valued at $64,535,000 after acquiring an additional 399,914 shares during the last quarter. Finally, Blue Water Asset Management acquired a new stake in Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $6,790,000.

Invesco Variable Rate Preferred ETF Trading Down 0.0%

NYSEARCA VRP opened at $24.31 on Wednesday. The company has a 50 day moving average price of $24.29 and a two-hundred day moving average price of $24.35. Invesco Variable Rate Preferred ETF has a 12-month low of $23.71 and a 12-month 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.