MGO One Seven LLC decreased its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) by 25.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 9,830 shares of the company’s stock after selling 3,305 shares during the period. MGO One Seven LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $218,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley boosted its position in shares of Invesco Variable Rate Preferred ETF by 34.5% in the fourth quarter. Morgan Stanley now owns 5,755,947 shares of the company’s stock worth $128,876,000 after buying an additional 1,476,055 shares during the period. JPMorgan Chase & Co. boosted its holdings in Invesco Variable Rate Preferred ETF by 50.5% in the 4th quarter. JPMorgan Chase & Co. now owns 2,864,048 shares of the company’s stock worth $64,126,000 after acquiring an additional 961,101 shares during the period. UBS Group AG grew its position in Invesco Variable Rate Preferred ETF by 6.3% in the first quarter. UBS Group AG now owns 2,538,993 shares of the company’s stock valued at $62,053,000 after acquiring an additional 150,853 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 8.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,274,581 shares of the company’s stock valued at $50,927,000 after purchasing an additional 182,948 shares during the period. Finally, Advisory Alpha LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 4.2% during the first quarter. Advisory Alpha LLC now owns 1,558,385 shares of the company’s stock worth $34,518,000 after purchasing an additional 62,770 shares in the last quarter.
Invesco Variable Rate Preferred ETF Price Performance
VRP opened at $22.61 on Thursday. Invesco Variable Rate Preferred ETF has a twelve month low of $20.88 and a twelve month high of $23.73. The company has a fifty day simple moving average of $22.42 and a 200 day simple moving average of $22.40.
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.
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