Farther Finance Advisors LLC Sells 921 Shares of Invesco Variable Rate Preferred ETF $VRP

Farther Finance Advisors LLC lowered its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,486 shares of the company’s stock after selling 921 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the first quarter valued at approximately $35,000. Westend Capital Management LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the first quarter valued at approximately $107,000. Harbour Investments Inc. increased its position in shares of Invesco Variable Rate Preferred ETF by 58.2% during the first quarter. Harbour Investments Inc. now owns 4,490 shares of the company’s stock valued at $109,000 after acquiring an additional 1,652 shares in the last quarter. Accel Wealth Management bought a new stake in shares of Invesco Variable Rate Preferred ETF during the first quarter valued at approximately $229,000. Finally, Deutsche Bank AG bought a new stake in shares of Invesco Variable Rate Preferred ETF during the fourth quarter valued at approximately $248,000.

Invesco Variable Rate Preferred ETF Price Performance

Shares of VRP opened at $24.71 on Monday. The firm has a 50 day moving average of $24.59 and a 200 day moving average of $24.31. Invesco Variable Rate Preferred ETF has a twelve month low of $23.03 and a twelve month high of $24.93.

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.