Advisors Capital Management LLC Buys 128,501 Shares of Invesco Variable Rate Preferred ETF $VRP

Advisors Capital Management LLC increased its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 9.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,425,305 shares of the company’s stock after purchasing an additional 128,501 shares during the quarter. Advisors Capital Management LLC owned approximately 1.46% of Invesco Variable Rate Preferred ETF worth $34,678,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in VRP. JPMorgan Chase & Co. lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 47.8% during the third quarter. JPMorgan Chase & Co. now owns 1,737,992 shares of the company’s stock worth $42,928,000 after buying an additional 561,811 shares in the last quarter. Synergy Asset Management LLC boosted its position in shares of Invesco Variable Rate Preferred ETF by 212.2% in the third quarter. Synergy Asset Management LLC now owns 65,550 shares of the company’s stock valued at $1,609,000 after acquiring an additional 44,555 shares during the period. Stephens Inc. AR grew its stake in shares of Invesco Variable Rate Preferred ETF by 2.2% in the third quarter. Stephens Inc. AR now owns 1,415,320 shares of the company’s stock valued at $34,958,000 after acquiring an additional 30,698 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Invesco Variable Rate Preferred ETF by 11.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,628,178 shares of the company’s stock worth $40,216,000 after acquiring an additional 165,578 shares during the period. Finally, MAI Capital Management increased its position in Invesco Variable Rate Preferred ETF by 11.6% during the third quarter. MAI Capital Management now owns 370,189 shares of the company’s stock worth $9,144,000 after acquiring an additional 38,352 shares during the period.

Invesco Variable Rate Preferred ETF Trading Up 0.1%

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.35 on Friday. The company has a 50-day simple moving average of $24.29 and a two-hundred day simple moving average of $24.42. Invesco Variable Rate Preferred ETF has a twelve month low of $23.71 and a twelve month high of $24.93.

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.