Janney Montgomery Scott LLC Has $7.72 Million Position in Invesco Variable Rate Preferred ETF $VRP

Janney Montgomery Scott LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,760 shares of the company’s stock after acquiring an additional 15,616 shares during the quarter. Janney Montgomery Scott LLC owned 0.36% of Invesco Variable Rate Preferred ETF worth $7,720,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Principal Securities Inc. raised its stake in Invesco Variable Rate Preferred ETF by 0.3% during the first quarter. Principal Securities Inc. now owns 171,943 shares of the company’s stock worth $4,159,000 after acquiring an additional 463 shares in the last quarter. MFA Wealth Advisors LLC raised its stake in Invesco Variable Rate Preferred ETF by 2.3% during the first quarter. MFA Wealth Advisors LLC now owns 23,721 shares of the company’s stock worth $575,000 after acquiring an additional 523 shares in the last quarter. Endowment Wealth Management Inc. raised its stake in Invesco Variable Rate Preferred ETF by 5.1% during the first quarter. Endowment Wealth Management Inc. now owns 11,689 shares of the company’s stock worth $283,000 after acquiring an additional 569 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Invesco Variable Rate Preferred ETF by 6.8% during the first quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock worth $276,000 after acquiring an additional 721 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its stake in Invesco Variable Rate Preferred ETF by 4.3% during the first quarter. Diversify Wealth Management LLC now owns 17,748 shares of the company’s stock worth $425,000 after acquiring an additional 728 shares in the last quarter.

Invesco Variable Rate Preferred ETF Trading Up 0.1%

Invesco Variable Rate Preferred ETF stock opened at $24.76 on Monday. The stock has a fifty day moving average price of $24.62 and a two-hundred day moving average price of $24.32. Invesco Variable Rate Preferred ETF has a 52-week low of $23.03 and a 52-week 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.