Envestnet Asset Management Inc. Has $40.22 Million Position in Invesco Variable Rate Preferred ETF $VRP

Envestnet Asset Management Inc. increased its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 11.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,628,178 shares of the company’s stock after buying an additional 165,578 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $40,216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRP. Nordwand Advisors LLC acquired a new position in Invesco Variable Rate Preferred ETF in the 2nd quarter valued at approximately $39,000. Crumly & Associates Inc. bought a new stake in shares of Invesco Variable Rate Preferred ETF during the third quarter valued at approximately $212,000. Diversify Advisory Services LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the second quarter valued at approximately $220,000. Huntleigh Advisors Inc. acquired a new position in shares of Invesco Variable Rate Preferred ETF in the third quarter valued at $226,000. Finally, Keybank National Association OH acquired a new position in shares of Invesco Variable Rate Preferred ETF in the second quarter valued at $241,000.

Invesco Variable Rate Preferred ETF Stock Up 0.1%

Shares of VRP stock opened at $24.49 on Wednesday. Invesco Variable Rate Preferred ETF has a one year low of $23.03 and a one year high of $24.93. The stock has a fifty day moving average price of $24.42 and a 200 day moving average price of $24.54.

Invesco Variable Rate Preferred ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a dividend of $0.1019 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, January 20th.

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.