Advisory Alpha LLC Sells 106,264 Shares of Invesco Variable Rate Preferred ETF $VRP

Advisory Alpha LLC trimmed its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 36.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 185,769 shares of the company’s stock after selling 106,264 shares during the quarter. Advisory Alpha LLC owned 0.21% of Invesco Variable Rate Preferred ETF worth $4,542,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. LPL Financial LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 8.3% in the 1st quarter. LPL Financial LLC now owns 2,271,805 shares of the company’s stock worth $55,069,000 after acquiring an additional 173,408 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 11.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,462,600 shares of the company’s stock worth $35,761,000 after acquiring an additional 152,363 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 0.5% in the 2nd quarter. Stephens Inc. AR now owns 1,384,622 shares of the company’s stock worth $33,854,000 after acquiring an additional 6,531 shares during the last quarter. Advisors Capital Management LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 8.6% in the 1st quarter. Advisors Capital Management LLC now owns 1,111,634 shares of the company’s stock worth $26,946,000 after acquiring an additional 88,017 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 7.1% in the 1st quarter. HighTower Advisors LLC now owns 1,020,941 shares of the company’s stock worth $24,748,000 after acquiring an additional 67,741 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP opened at $24.67 on Tuesday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.03 and a fifty-two week high of $24.93. The firm has a 50 day moving average price of $24.68 and a 200-day moving average price of $24.41.

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.