Spectrum Asset Management Inc. Has $2.54 Million Holdings in Invesco Variable Rate Preferred ETF $VRP

Spectrum Asset Management Inc. cut its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 81.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 106,122 shares of the company’s stock after selling 458,059 shares during the period. Invesco Variable Rate Preferred ETF makes up about 5.1% of Spectrum Asset Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Spectrum Asset Management Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $2,545,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 51.4% during the first quarter. International Assets Investment Management LLC now owns 3,180 shares of the company’s stock valued at $77,000 after buying an additional 1,080 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in Invesco Variable Rate Preferred ETF by 9.7% in the 1st quarter. Diversify Wealth Management LLC now owns 32,615 shares of the company’s stock worth $792,000 after acquiring an additional 2,895 shares during the last quarter. Midwest Trust Co lifted its position in Invesco Variable Rate Preferred ETF by 14.7% in the 1st quarter. Midwest Trust Co now owns 52,071 shares of the company’s stock valued at $1,249,000 after acquiring an additional 6,656 shares in the last quarter. Fifth Third Bancorp lifted its position in Invesco Variable Rate Preferred ETF by 2,083.5% in the 1st quarter. Fifth Third Bancorp now owns 91,709 shares of the company’s stock valued at $2,199,000 after acquiring an additional 87,509 shares in the last quarter. Finally, Addison Capital Co lifted its position in Invesco Variable Rate Preferred ETF by 35.5% in the 1st quarter. Addison Capital Co now owns 156,177 shares of the company’s stock valued at $3,745,000 after acquiring an additional 40,886 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Invesco Variable Rate Preferred ETF stock opened at $24.36 on Tuesday. Invesco Variable Rate Preferred ETF has a 12 month low of $23.71 and a 12 month high of $24.93. The stock has a fifty day simple moving average of $24.34 and a two-hundred day simple moving average of $24.34.

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.