Private Advisor Group LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 43,367 shares of the company’s stock, valued at approximately $1,066,000.

Other institutional investors have also recently made changes to their positions in the company. TCI Wealth Advisors Inc. acquired a new stake in Invesco Variable Rate Preferred ETF during the first quarter worth about $43,000. Truvestments Capital LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the first quarter worth about $43,000. Cetera Advisors LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the first quarter worth about $46,000. Edge Wealth Management LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the first quarter worth about $49,000. Finally, Private Capital Group LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the first quarter worth about $51,000.

VRP opened at $24.76 on Friday. Invesco Variable Rate Preferred ETF has a 1-year low of $22.26 and a 1-year high of $25.30.

The business also recently declared a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st were paid a $0.1168 dividend. This is an increase from Invesco Variable Rate Preferred ETF’s previous monthly dividend of $0.11. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date of this dividend was Monday, May 20th.

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Institutional Ownership by Quarter for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

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