Wambolt & Associates LLC Has $251,000 Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Wambolt & Associates LLC trimmed its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 63.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,533 shares of the company’s stock after selling 18,009 shares during the period. Wambolt & Associates LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SeaBridge Investment Advisors LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 2.6% in the first quarter. SeaBridge Investment Advisors LLC now owns 178,677 shares of the company’s stock valued at $4,247,000 after purchasing an additional 4,534 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 161.8% during the first quarter. Commonwealth Equity Services LLC now owns 449,304 shares of the company’s stock valued at $10,680,000 after acquiring an additional 277,685 shares during the period. Benjamin Edwards Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 62.5% in the first quarter. Benjamin Edwards Inc. now owns 59,145 shares of the company’s stock valued at $1,406,000 after purchasing an additional 22,745 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Invesco Variable Rate Preferred ETF by 111.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 456,791 shares of the company’s stock worth $10,858,000 after purchasing an additional 240,901 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 24.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 111,099 shares of the company’s stock worth $2,641,000 after purchasing an additional 21,801 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA:VRP traded up $0.01 during mid-day trading on Friday, hitting $24.05. 264,647 shares of the company’s stock traded hands, compared to its average volume of 376,766. The firm has a 50 day moving average of $23.87 and a two-hundred day moving average of $23.60. Invesco Variable Rate Preferred ETF has a 12 month low of $21.60 and a 12 month high of $24.08.

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.