Ameritas Advisory Services LLC Reduces Stock Position in Invesco Variable Rate Preferred ETF $VRP

Ameritas Advisory Services LLC trimmed its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 95.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,545 shares of the company’s stock after selling 52,564 shares during the period. Ameritas Advisory Services LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordwand Advisors LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the 2nd quarter worth about $39,000. Crumly & Associates Inc. acquired a new stake in Invesco Variable Rate Preferred ETF during the third quarter worth approximately $212,000. Diversify Advisory Services LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the 2nd quarter worth approximately $220,000. Huntleigh Advisors Inc. acquired a new position in shares of Invesco Variable Rate Preferred ETF in the 3rd quarter valued at $226,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 7.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,567 shares of the company’s stock valued at $236,000 after buying an additional 690 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Up 0.1%

NYSEARCA VRP opened at $24.64 on Friday. Invesco Variable Rate Preferred ETF has a 12 month low of $23.03 and a 12 month high of $24.93. The firm’s fifty day moving average price is $24.44 and its 200 day moving average price is $24.55.

Invesco Variable Rate Preferred ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a $0.1019 dividend. The ex-dividend date was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 5.0%.

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.