Invesco Variable Rate Preferred ETF $VRP Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 47.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,737,992 shares of the company’s stock after buying an additional 561,811 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.88% of Invesco Variable Rate Preferred ETF worth $42,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 1.4% in the 3rd quarter. Advisory Services Network LLC now owns 33,782 shares of the company’s stock worth $834,000 after acquiring an additional 458 shares during the period. Corient Private Wealth LLC boosted its stake in Invesco Variable Rate Preferred ETF by 1.4% during the 2nd quarter. Corient Private Wealth LLC now owns 36,992 shares of the company’s stock valued at $904,000 after purchasing an additional 520 shares during the period. Cary Street Partners Financial LLC boosted its stake in Invesco Variable Rate Preferred ETF by 0.9% during the 2nd quarter. Cary Street Partners Financial LLC now owns 66,372 shares of the company’s stock valued at $1,623,000 after purchasing an additional 600 shares during the period. Clear Harbor Asset Management LLC grew its position in Invesco Variable Rate Preferred ETF by 1.8% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 34,135 shares of the company’s stock worth $843,000 after purchasing an additional 600 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in Invesco Variable Rate Preferred ETF by 6.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 10,658 shares of the company’s stock worth $263,000 after purchasing an additional 658 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA:VRP opened at $24.03 on Friday. The firm’s 50 day moving average is $24.42 and its two-hundred day moving average is $24.52. Invesco Variable Rate Preferred ETF has a 52 week low of $23.03 and a 52 week high of $24.93.

Invesco Variable Rate Preferred ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were given a $0.1019 dividend. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date was Monday, February 23rd.

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.