Royal Bank of Canada Decreases Holdings in Invesco Variable Rate Preferred ETF $VRP

Royal Bank of Canada reduced its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 34.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 530,324 shares of the company’s stock after selling 280,329 shares during the quarter. Royal Bank of Canada owned 0.62% of Invesco Variable Rate Preferred ETF worth $12,855,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its stake in shares of Invesco Variable Rate Preferred ETF by 7.6% during the fourth quarter. Ameriprise Financial Inc. now owns 433,887 shares of the company’s stock valued at $10,496,000 after purchasing an additional 30,831 shares in the last quarter. Cetera Investment Advisers lifted its position in Invesco Variable Rate Preferred ETF by 5.6% during the fourth quarter. Cetera Investment Advisers now owns 163,073 shares of the company’s stock valued at $3,945,000 after acquiring an additional 8,580 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter worth $248,000. Western Wealth Management LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 67.4% in the fourth quarter. Western Wealth Management LLC now owns 73,463 shares of the company’s stock worth $1,777,000 after buying an additional 29,573 shares during the last quarter. Finally, Comprehensive Money Management Services LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter worth $415,000.

Invesco Variable Rate Preferred ETF Price Performance

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.75 on Thursday. The firm has a fifty day moving average price of $24.52 and a 200 day moving average price of $24.27. Invesco Variable Rate Preferred ETF has a 1 year low of $23.03 and a 1 year high of $24.75.

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.