Ameriprise Financial Inc. Has $10.50 Million Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Ameriprise Financial Inc. increased its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 433,887 shares of the company’s stock after acquiring an additional 30,831 shares during the period. Ameriprise Financial Inc. owned about 0.64% of Invesco Variable Rate Preferred ETF worth $10,496,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of Invesco Variable Rate Preferred ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,471,466 shares of the company’s stock valued at $59,785,000 after buying an additional 134,133 shares during the period. LPL Financial LLC increased its position in Invesco Variable Rate Preferred ETF by 47.7% in the fourth quarter. LPL Financial LLC now owns 2,098,397 shares of the company’s stock worth $50,760,000 after purchasing an additional 677,991 shares during the period. Stephens Inc. AR raised its holdings in Invesco Variable Rate Preferred ETF by 1.3% during the 4th quarter. Stephens Inc. AR now owns 1,431,932 shares of the company’s stock worth $34,638,000 after purchasing an additional 17,757 shares during the last quarter. Advisors Capital Management LLC raised its holdings in Invesco Variable Rate Preferred ETF by 2.8% during the 4th quarter. Advisors Capital Management LLC now owns 1,023,617 shares of the company’s stock worth $24,761,000 after purchasing an additional 27,632 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Invesco Variable Rate Preferred ETF by 11.5% during the 4th quarter. HighTower Advisors LLC now owns 953,200 shares of the company’s stock valued at $23,058,000 after purchasing an additional 98,336 shares during the period.

Invesco Variable Rate Preferred ETF Stock Down 0.4%

Shares of NYSEARCA VRP opened at $24.15 on Tuesday. Invesco Variable Rate Preferred ETF has a 1 year low of $23.03 and a 1 year high of $24.67. The firm’s 50-day moving average is $23.99 and its 200-day moving average is $24.23.

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.