Invesco Variable Rate Preferred ETF $VRP Shares Acquired by Citigroup Inc.

Citigroup Inc. increased its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 12.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,624 shares of the company’s stock after purchasing an additional 21,687 shares during the quarter. Citigroup Inc. owned 0.21% of Invesco Variable Rate Preferred ETF worth $4,881,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Nordwand Advisors LLC acquired a new position in Invesco Variable Rate Preferred ETF in the 2nd quarter worth approximately $39,000. Crumly & Associates Inc. acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the third quarter worth $212,000. Diversify Advisory Services LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF during the second quarter worth $220,000. Huntleigh Advisors Inc. acquired a new position in Invesco Variable Rate Preferred ETF during the third quarter valued at $226,000. Finally, Stratos Wealth Partners LTD. lifted its position in Invesco Variable Rate Preferred ETF by 7.8% during the third quarter. Stratos Wealth Partners LTD. now owns 9,567 shares of the company’s stock valued at $236,000 after purchasing an additional 690 shares during the period.

Invesco Variable Rate Preferred ETF Stock Down 0.2%

NYSEARCA:VRP opened at $24.40 on Wednesday. The firm’s fifty day moving average is $24.45 and its two-hundred day moving average is $24.55. Invesco Variable Rate Preferred ETF has a one year low of $23.03 and a one year high of $24.93.

Invesco Variable Rate Preferred ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a $0.1019 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

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.