Advisory Alpha LLC Decreases Stock Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Advisory Alpha LLC lowered its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,161,914 shares of the company’s stock after selling 2,430 shares during the period. Invesco Variable Rate Preferred ETF makes up 1.9% of Advisory Alpha LLC’s portfolio, making the stock its 12th biggest position. Advisory Alpha LLC owned about 3.17% of Invesco Variable Rate Preferred ETF worth $52,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coastline Trust Co acquired a new stake in Invesco Variable Rate Preferred ETF in the third quarter valued at approximately $142,000. Zhang Financial LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter valued at $202,000. Dynamic Advisor Solutions LLC purchased a new stake in Invesco Variable Rate Preferred ETF during the 3rd quarter worth $213,000. Proficio Capital Partners LLC lifted its holdings in Invesco Variable Rate Preferred ETF by 4.8% in the 3rd quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock worth $221,000 after buying an additional 415 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. purchased a new position in Invesco Variable Rate Preferred ETF in the 3rd quarter valued at about $225,000.

Invesco Variable Rate Preferred ETF Stock Down 0.3 %

Shares of NYSEARCA VRP opened at $24.25 on Wednesday. Invesco Variable Rate Preferred ETF has a 1 year low of $23.26 and a 1 year high of $24.67. The stock’s 50-day simple moving average is $24.35 and its 200-day simple moving average is $24.30.

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.