Advisory Alpha LLC Buys 48,185 Shares of Invesco Variable Rate Preferred ETF $VRP

Advisory Alpha LLC grew its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 25.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 233,954 shares of the company’s stock after purchasing an additional 48,185 shares during the period. Advisory Alpha LLC owned about 0.25% of Invesco Variable Rate Preferred ETF worth $5,784,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in Invesco Variable Rate Preferred ETF by 4.9% during the second quarter. Bank of America Corp DE now owns 7,993,469 shares of the company’s stock worth $195,440,000 after buying an additional 372,214 shares during the last quarter. JPMorgan Chase & Co. raised its position in Invesco Variable Rate Preferred ETF by 47.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,737,992 shares of the company’s stock worth $42,928,000 after purchasing an additional 561,811 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Invesco Variable Rate Preferred ETF by 11.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,628,178 shares of the company’s stock worth $40,216,000 after buying an additional 165,578 shares in the last quarter. Stephens Inc. AR lifted its holdings in Invesco Variable Rate Preferred ETF by 2.2% during the 3rd quarter. Stephens Inc. AR now owns 1,415,320 shares of the company’s stock worth $34,958,000 after buying an additional 30,698 shares in the last quarter. Finally, Advisors Capital Management LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 7.3% in the third quarter. Advisors Capital Management LLC now owns 1,296,804 shares of the company’s stock valued at $32,031,000 after acquiring an additional 87,810 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

VRP opened at $24.39 on Thursday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.03 and a fifty-two week high of $24.93. The firm has a 50 day simple moving average of $24.45 and a 200 day simple moving average of $24.55.

Invesco Variable Rate Preferred ETF Announces Dividend

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

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.