AE Wealth Management LLC Has $237,000 Holdings in Invesco Variable Rate Preferred ETF (VRP)

AE Wealth Management LLC cut its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 25.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,535 shares of the company’s stock after selling 3,198 shares during the period. AE Wealth Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Lido Advisors LLC increased its position in shares of Invesco Variable Rate Preferred ETF by 10.0% during the second quarter. Lido Advisors LLC now owns 38,379 shares of the company’s stock valued at $953,000 after acquiring an additional 3,483 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Invesco Variable Rate Preferred ETF by 13.8% during the second quarter. Envestnet Asset Management Inc. now owns 560,004 shares of the company’s stock valued at $13,915,000 after acquiring an additional 67,859 shares during the last quarter. Stephens Inc. AR increased its position in shares of Invesco Variable Rate Preferred ETF by 128.8% during the second quarter. Stephens Inc. AR now owns 306,070 shares of the company’s stock valued at $7,606,000 after acquiring an additional 172,275 shares during the last quarter. Hartford Financial Management Inc. acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the second quarter valued at about $290,000. Finally, Sawtooth Solutions LLC increased its position in shares of Invesco Variable Rate Preferred ETF by 63.0% during the second quarter. Sawtooth Solutions LLC now owns 16,161 shares of the company’s stock valued at $401,000 after acquiring an additional 6,246 shares during the last quarter.

Shares of VRP opened at $25.02 on Monday. Invesco Variable Rate Preferred ETF has a 1-year low of $24.71 and a 1-year high of $26.13.

The business also recently declared a monthly dividend, which was paid on Friday, August 31st. Shareholders of record on Tuesday, August 21st were given a dividend of $0.0911 per share. The ex-dividend date of this dividend was Monday, August 20th. This is a boost from Invesco Variable Rate Preferred ETF’s previous monthly dividend of $0.09. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.37%.

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Institutional Ownership by Quarter for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

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