Cetera Investment Advisers Sells 6,411 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Cetera Investment Advisers trimmed its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 3.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 156,662 shares of the company’s stock after selling 6,411 shares during the quarter. Cetera Investment Advisers owned 0.19% of Invesco Variable Rate Preferred ETF worth $3,797,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in VRP. Kovack Advisors Inc. boosted its holdings in Invesco Variable Rate Preferred ETF by 12.3% during the first quarter. Kovack Advisors Inc. now owns 12,619 shares of the company’s stock worth $306,000 after purchasing an additional 1,384 shares during the last quarter. Advisors Preferred LLC acquired a new position in Invesco Variable Rate Preferred ETF during the first quarter worth $574,000. IFP Advisors Inc boosted its holdings in Invesco Variable Rate Preferred ETF by 5.9% during the first quarter. IFP Advisors Inc now owns 62,578 shares of the company’s stock worth $1,517,000 after purchasing an additional 3,510 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 3.3% during the first quarter. Private Advisor Group LLC now owns 155,145 shares of the company’s stock worth $3,761,000 after purchasing an additional 4,971 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Invesco Variable Rate Preferred ETF during the first quarter worth $9,696,000.

Invesco Variable Rate Preferred ETF Stock Up 0.4%

NYSEARCA VRP opened at $24.52 on Tuesday. The firm’s fifty day moving average price is $24.38 and its two-hundred day moving average price is $24.23. Invesco Variable Rate Preferred ETF has a 1 year low of $23.03 and a 1 year high of $24.67.

Invesco Variable Rate Preferred ETF 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.