Fifth Third Bancorp Boosts Holdings in Invesco Variable Rate Preferred ETF $VRP

Fifth Third Bancorp raised its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2,083.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,709 shares of the company’s stock after purchasing an additional 87,509 shares during the period. Fifth Third Bancorp owned 0.09% of Invesco Variable Rate Preferred ETF worth $2,199,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC grew its stake in shares of Invesco Variable Rate Preferred ETF by 1.4% during the third 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 last quarter. Equitable Holdings Inc. boosted its stake in Invesco Variable Rate Preferred ETF by 3.8% in the 4th quarter. Equitable Holdings Inc. now owns 13,531 shares of the company’s stock worth $329,000 after purchasing an additional 493 shares in the last quarter. Blair William & Co. IL grew its position in Invesco Variable Rate Preferred ETF by 7.7% during the 4th quarter. Blair William & Co. IL now owns 6,986 shares of the company’s stock worth $170,000 after purchasing an additional 501 shares during the last quarter. Corient Private Wealth LLC increased 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 in the last quarter. Finally, Endowment Wealth Management Inc. raised its holdings in shares of Invesco Variable Rate Preferred ETF by 3.5% in the fourth quarter. Endowment Wealth Management Inc. now owns 16,481 shares of the company’s stock worth $401,000 after buying an additional 554 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP stock opened at $24.28 on Wednesday. The business has a fifty day moving average of $24.34 and a 200 day moving average of $24.34. Invesco Variable Rate Preferred ETF has a 1 year low of $23.71 and a 1 year high of $24.93.

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.