Park Avenue Securities LLC Increases Stock Holdings in Invesco Variable Rate Preferred ETF $VRP

Park Avenue Securities LLC increased its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 176.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 418,736 shares of the company’s stock after buying an additional 267,429 shares during the quarter. Park Avenue Securities LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $10,188,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Advisory Services Network LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 1.4% during the 3rd quarter. Advisory Services Network LLC now owns 33,782 shares of the company’s stock worth $834,000 after acquiring an additional 458 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Invesco Variable Rate Preferred ETF by 1.4% in the 2nd quarter. Corient Private Wealth LLC now owns 36,992 shares of the company’s stock worth $904,000 after acquiring an additional 520 shares in the last quarter. Cary Street Partners Financial LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 0.9% in the second quarter. Cary Street Partners Financial LLC now owns 66,372 shares of the company’s stock valued at $1,623,000 after purchasing an additional 600 shares during the last quarter. Clear Harbor Asset Management LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 1.8% in the third quarter. Clear Harbor Asset Management LLC now owns 34,135 shares of the company’s stock valued at $843,000 after purchasing an additional 600 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in shares of Invesco Variable Rate Preferred ETF by 6.6% during the third 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 in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

VRP opened at $24.03 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 company’s 50-day moving average is $24.42 and its 200 day moving average is $24.52.

Invesco Variable Rate Preferred ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were given a dividend of $0.1019 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 5.1%.

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.