Invesco Variable Rate Preferred ETF $VRP Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 47.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,737,992 shares of the company’s stock after buying an additional 561,811 shares during the quarter. JPMorgan Chase & Co.’s holdings in Invesco Variable Rate Preferred ETF were worth $42,928,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Corient Private Wealth LLC lifted its holdings in Invesco Variable Rate Preferred ETF by 1.4% in the second quarter. Corient Private Wealth LLC now owns 36,992 shares of the company’s stock worth $904,000 after acquiring an additional 520 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 1.7% during the second quarter. Advisory Services Network LLC now owns 33,324 shares of the company’s stock valued at $815,000 after purchasing an additional 544 shares during the last quarter. Cary Street Partners Financial LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 0.9% during the 2nd quarter. Cary Street Partners Financial LLC now owns 66,372 shares of the company’s stock worth $1,623,000 after purchasing an additional 600 shares during the period. Clear Harbor Asset Management LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 1.8% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 34,135 shares of the company’s stock worth $843,000 after purchasing an additional 600 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its position in Invesco Variable Rate Preferred ETF by 6.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 10,658 shares of the company’s stock valued at $263,000 after purchasing an additional 658 shares during the period.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP opened at $24.54 on Friday. Invesco Variable Rate Preferred ETF has a 12 month low of $23.03 and a 12 month high of $24.93. The stock has a fifty day moving average price of $24.45 and a 200 day moving average price of $24.55.

Invesco Variable Rate Preferred ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.1019 per share. The ex-dividend date is Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 5.0%.

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.