Wealthcare Advisory Partners LLC Buys 30,409 Shares of Invesco Variable Rate Preferred ETF $VRP

Wealthcare Advisory Partners LLC grew its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 13.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 255,599 shares of the company’s stock after buying an additional 30,409 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $6,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE raised its stake in Invesco Variable Rate Preferred ETF by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 8,491,380 shares of the company’s stock worth $209,737,000 after buying an additional 497,911 shares during the period. JPMorgan Chase & Co. boosted its holdings in Invesco Variable Rate Preferred ETF by 47.8% in the third quarter. JPMorgan Chase & Co. now owns 1,737,992 shares of the company’s stock worth $42,928,000 after acquiring an additional 561,811 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Invesco Variable Rate Preferred ETF by 11.3% in the third quarter. Envestnet Asset Management Inc. now owns 1,628,178 shares of the company’s stock valued at $40,216,000 after acquiring an additional 165,578 shares during the period. Stephens Inc. AR grew its stake in Invesco Variable Rate Preferred ETF by 2.2% in the third quarter. Stephens Inc. AR now owns 1,415,320 shares of the company’s stock valued at $34,958,000 after acquiring an additional 30,698 shares during the period. Finally, Advisors Capital Management LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 7.3% during the third quarter. Advisors Capital Management LLC now owns 1,296,804 shares of the company’s stock valued at $32,031,000 after acquiring an additional 87,810 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Down 0.6%

Shares of NYSEARCA:VRP opened at $23.73 on Friday. Invesco Variable Rate Preferred ETF has a twelve month low of $23.03 and a twelve month high of $24.93. The stock’s 50 day moving average is $24.37 and its 200-day moving average is $24.50.

Invesco Variable Rate Preferred ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were given a $0.1019 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a yield of 5.2%.

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.