Commonwealth Equity Services LLC Has $3.37 Million Stock Holdings in Invesco Variable Rate Preferred ETF $VRP

Commonwealth Equity Services LLC cut its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 35.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 138,435 shares of the company’s stock after selling 76,092 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $3,368,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $51,000. Private Trust Co. NA boosted its position in Invesco Variable Rate Preferred ETF by 165.2% during the fourth quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock worth $54,000 after purchasing an additional 1,376 shares during the period. LFA Lugano Financial Advisors SA boosted its position in Invesco Variable Rate Preferred ETF by 136.8% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after purchasing an additional 2,927 shares during the period. Luken Investment Analytics LLC bought a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $135,000. Finally, Blueline Advisors LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter worth $150,000.

Invesco Variable Rate Preferred ETF Stock Down 0.0%

NYSEARCA VRP opened at $24.31 on Wednesday. The company has a fifty day simple moving average of $24.29 and a 200 day simple moving average of $24.35. Invesco Variable Rate Preferred ETF has a 1 year low of $23.71 and a 1 year high of $24.93.

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.