Invesco Variable Rate Preferred ETF $VRP Shares Sold by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC decreased its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 447,797 shares of the company’s stock after selling 3,118 shares during the quarter. Invesco Variable Rate Preferred ETF makes up 1.6% of Evolution Wealth Advisors LLC’s holdings, making the stock its 14th biggest position. Evolution Wealth Advisors LLC owned about 0.51% of Invesco Variable Rate Preferred ETF worth $10,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of VRP. Atria Wealth Solutions Inc. lifted its stake in Invesco Variable Rate Preferred ETF by 1.8% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 30,406 shares of the company’s stock valued at $745,000 after buying an additional 534 shares in the last quarter. Endowment Wealth Management Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 5.1% in the first quarter. Endowment Wealth Management Inc. now owns 11,689 shares of the company’s stock valued at $283,000 after acquiring an additional 569 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Invesco Variable Rate Preferred ETF by 6.8% in the first quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock worth $276,000 after acquiring an additional 721 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Invesco Variable Rate Preferred ETF by 3.8% during the first quarter. Bank of New York Mellon Corp now owns 24,989 shares of the company’s stock worth $606,000 after purchasing an additional 911 shares in the last quarter. Finally, Kovack Advisors Inc. increased its position in shares of Invesco Variable Rate Preferred ETF by 12.3% during the first quarter. Kovack Advisors Inc. now owns 12,619 shares of the company’s stock worth $306,000 after purchasing an additional 1,384 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP stock opened at $24.57 on Friday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.03 and a fifty-two week high of $24.93. The stock’s fifty day moving average is $24.70 and its two-hundred day moving average is $24.47.

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.