Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) is Matthew Goff Investment Advisor LLC’s 5th Largest Position

Matthew Goff Investment Advisor LLC trimmed its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 694,738 shares of the company’s stock after selling 5,121 shares during the quarter. Invesco Variable Rate Preferred ETF comprises about 3.6% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 5th largest position. Matthew Goff Investment Advisor LLC owned 0.99% of Invesco Variable Rate Preferred ETF worth $15,457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRP. Jane Street Group LLC boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 108.7% in the 3rd quarter. Jane Street Group LLC now owns 694,430 shares of the company’s stock worth $15,208,000 after purchasing an additional 8,642,996 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 34.5% in the 4th quarter. Morgan Stanley now owns 5,755,947 shares of the company’s stock worth $128,876,000 after purchasing an additional 1,476,055 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of 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 purchasing an additional 961,101 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 4,424.2% in the 4th quarter. Principal Financial Group Inc. now owns 646,236 shares of the company’s stock worth $14,469,000 after purchasing an additional 631,952 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 155.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 531,096 shares of the company’s stock worth $11,764,000 after purchasing an additional 323,220 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA VRP opened at $22.50 on Tuesday. Invesco Variable Rate Preferred ETF has a 1-year low of $20.88 and a 1-year high of $23.73. The stock has a 50-day moving average of $22.56 and a 200-day moving average of $22.25.

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.