Fort Sheridan Advisors LLC Trims Stock Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Fort Sheridan Advisors LLC cut its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 12.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,700 shares of the company’s stock after selling 3,000 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $501,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in VRP. Stephens Inc. AR increased its stake in shares of Invesco Variable Rate Preferred ETF by 1.3% in the fourth quarter. Stephens Inc. AR now owns 1,431,932 shares of the company’s stock worth $34,638,000 after buying an additional 17,757 shares during the last quarter. Spectrum Asset Management Inc. increased its position in shares of Invesco Variable Rate Preferred ETF by 1,293.9% in the 4th quarter. Spectrum Asset Management Inc. now owns 863,487 shares of the company’s stock worth $20,888,000 after purchasing an additional 801,539 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Invesco Variable Rate Preferred ETF by 16.9% in the 3rd quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock valued at $20,909,000 after purchasing an additional 123,324 shares in the last quarter. Ocean Park Asset Management LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 54.1% during the fourth quarter. Ocean Park Asset Management LLC now owns 610,200 shares of the company’s stock worth $14,761,000 after purchasing an additional 214,300 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its stake in Invesco Variable Rate Preferred ETF by 814.2% in the third quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock worth $13,128,000 after purchasing an additional 478,001 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.40 on Friday. The business has a 50-day moving average price of $24.31 and a 200 day moving average price of $24.37. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.40 and a fifty-two week high of $24.67.

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.