Principal Financial Group Inc. Sells 55,215 Shares of Invesco Variable Rate Preferred ETF $VRP

Principal Financial Group Inc. reduced its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 57.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 41,623 shares of the company’s stock after selling 55,215 shares during the period. Principal Financial Group Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $998,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in Invesco Variable Rate Preferred ETF during the fourth quarter worth approximately $51,000. Private Trust Co. NA raised its stake in Invesco Variable Rate Preferred ETF by 165.2% in the fourth quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock valued at $54,000 after buying an additional 1,376 shares during the period. LFA Lugano Financial Advisors SA raised its stake in Invesco Variable Rate Preferred ETF by 136.8% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock valued at $123,000 after buying an additional 2,927 shares during the period. Luken Investment Analytics LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $135,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the first quarter valued at approximately $141,000.

Invesco Variable Rate Preferred ETF Trading Up 0.2%

Shares of NYSEARCA VRP opened at $24.14 on Friday. Invesco Variable Rate Preferred ETF has a 12 month low of $23.71 and a 12 month high of $24.93. The stock has a 50 day moving average of $24.32 and a 200-day moving average of $24.33.

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.