Invesco Variable Rate Preferred ETF $VRP Stock Position Decreased by Royal Bank of Canada

Royal Bank of Canada decreased its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 8.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 721,841 shares of the company’s stock after selling 66,429 shares during the period. Royal Bank of Canada’s holdings in Invesco Variable Rate Preferred ETF were worth $17,310,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of VRP. Stephens Inc. AR grew its holdings in shares of Invesco Variable Rate Preferred ETF by 4.6% during the first quarter. Stephens Inc. AR now owns 1,478,797 shares of the company’s stock valued at $35,462,000 after purchasing an additional 64,978 shares during the last quarter. Calton & Associates Inc. acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter worth approximately $597,000. LFG Wealth Partners LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter worth approximately $1,335,000. Matthew Goff Investment Advisor LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 1st quarter worth approximately $9,708,000. Finally, Independent Financial Group LLC acquired a new position in Invesco Variable Rate Preferred ETF during the 1st quarter valued at approximately $3,025,000.

Invesco Variable Rate Preferred ETF Trading Down 0.1%

VRP stock opened at $24.23 on Friday. Invesco Variable Rate Preferred ETF has a 1 year low of $23.71 and a 1 year high of $24.93. The stock’s fifty day moving average is $24.31 and its two-hundred day moving average is $24.32.

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.