Truist Financial Corp Reduces Stock Position in Invesco Variable Rate Preferred ETF $VRP

Truist Financial Corp lowered its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 28.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,043 shares of the company’s stock after selling 4,008 shares during the quarter. Truist Financial Corp’s holdings in Invesco Variable Rate Preferred ETF were worth $246,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of VRP. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Invesco Variable Rate Preferred ETF during the 1st quarter valued at $9,696,000. Williams Financial LLC purchased a new position in Invesco Variable Rate Preferred ETF during the 1st quarter valued at $8,271,000. Integrity Alliance LLC. purchased a new position in Invesco Variable Rate Preferred ETF during the 1st quarter valued at $5,335,000. LPL Financial LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 8.3% in the 1st quarter. LPL Financial LLC now owns 2,271,805 shares of the company’s stock worth $55,069,000 after buying an additional 173,408 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the 2nd quarter worth $3,928,000.

Invesco Variable Rate Preferred ETF Trading Up 0.2%

Shares of VRP stock opened at $24.70 on Friday. Invesco Variable Rate Preferred ETF has a twelve month low of $23.03 and a twelve month high of $24.93. The stock has a fifty day simple moving average of $24.67 and a two-hundred day simple moving average of $24.35.

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.