Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC trimmed its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 8.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,602 shares of the company’s stock after selling 1,499 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $402,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Boyd Watterson Asset Management LLC OH acquired a new position in shares of Invesco Variable Rate Preferred ETF in the 4th quarter worth $27,000. Mechanics Financial Corp acquired a new position in shares of Invesco Variable Rate Preferred ETF in the 4th quarter worth $27,000. Harbour Investments Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 238.7% in the 4th quarter. Harbour Investments Inc. now owns 2,838 shares of the company’s stock worth $69,000 after acquiring an additional 2,000 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 130.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,794 shares of the company’s stock worth $116,000 after acquiring an additional 2,714 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 36.5% in the 4th quarter. Ancora Advisors LLC now owns 5,643 shares of the company’s stock worth $137,000 after acquiring an additional 1,508 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA VRP opened at $24.36 on Friday. The stock’s fifty day simple moving average is $24.08 and its 200 day simple moving average is $24.21. Invesco Variable Rate Preferred ETF has a 52-week low of $23.03 and a 52-week high of $24.67.

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.