Citigroup Inc. Acquires 71,830 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Citigroup Inc. raised its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Rating) by 88.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 153,221 shares of the company’s stock after purchasing an additional 71,830 shares during the quarter. Citigroup Inc. owned approximately 0.20% of Invesco Variable Rate Preferred ETF worth $3,431,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC raised its position in Invesco Variable Rate Preferred ETF by 38.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 81,387 shares of the company’s stock valued at $1,822,000 after purchasing an additional 22,649 shares during the last quarter. Western Wealth Management LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 3.2% during the third quarter. Western Wealth Management LLC now owns 40,936 shares of the company’s stock worth $897,000 after acquiring an additional 1,254 shares during the last quarter. Camelot Portfolios LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 15.7% during the fourth quarter. Camelot Portfolios LLC now owns 26,395 shares of the company’s stock worth $591,000 after acquiring an additional 3,578 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 4.8% during the third quarter. Ameritas Advisory Services LLC now owns 53,046 shares of the company’s stock worth $1,162,000 after acquiring an additional 2,422 shares during the last quarter. Finally, Wambolt & Associates LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 4.4% during the fourth quarter. Wambolt & Associates LLC now owns 108,499 shares of the company’s stock worth $2,429,000 after acquiring an additional 4,553 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

VRP stock opened at $21.94 on Tuesday. Invesco Variable Rate Preferred ETF has a twelve month low of $20.88 and a twelve month high of $23.73. The business has a fifty day moving average of $21.92 and a 200-day moving average of $22.49.

Invesco Variable Rate Preferred ETF Profile

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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.