Baird Financial Group Inc. Trims Stock Holdings in Invesco Variable Rate Preferred ETF $VRP

Baird Financial Group Inc. reduced its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 35.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 242,998 shares of the company’s stock after selling 132,688 shares during the period. Baird Financial Group Inc. owned about 0.28% of Invesco Variable Rate Preferred ETF worth $5,941,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Nordwand Advisors LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the second quarter worth $39,000. Keybank National Association OH purchased a new position in Invesco Variable Rate Preferred ETF in the 2nd quarter worth about $241,000. Citizens Financial Group Inc. RI purchased a new position in Invesco Variable Rate Preferred ETF in the 2nd quarter worth about $244,000. Geneos Wealth Management Inc. lifted its holdings in Invesco Variable Rate Preferred ETF by 6.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock valued at $276,000 after buying an additional 721 shares in the last quarter. Finally, Texas Yale Capital Corp. boosted its position in Invesco Variable Rate Preferred ETF by 32.6% in the 2nd quarter. Texas Yale Capital Corp. now owns 12,623 shares of the company’s stock valued at $309,000 after buying an additional 3,103 shares during the period.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP stock opened at $24.43 on Wednesday. The company’s 50-day simple moving average is $24.59 and its two-hundred day simple moving average is $24.53. Invesco Variable Rate Preferred ETF has a one year low of $23.03 and a one year high of $24.93.

About Invesco Variable Rate Preferred ETF

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.