Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Position Reduced by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC lowered its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 3.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 434,895 shares of the company’s stock after selling 13,714 shares during the period. Invesco Variable Rate Preferred ETF accounts for approximately 2.0% of Evolution Wealth Advisors LLC’s holdings, making the stock its 11th biggest position. Evolution Wealth Advisors LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $10,037,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VRP. Jane Street Group LLC grew its position in Invesco Variable Rate Preferred ETF by 108.7% during the 3rd quarter. Jane Street Group LLC now owns 694,430 shares of the company’s stock worth $15,208,000 after purchasing an additional 8,642,996 shares in the last quarter. Morgan Stanley raised its position in shares of Invesco Variable Rate Preferred ETF by 34.5% during the fourth quarter. Morgan Stanley now owns 5,755,947 shares of the company’s stock valued at $128,876,000 after buying an additional 1,476,055 shares during the last quarter. UBS Group AG raised its position in shares of Invesco Variable Rate Preferred ETF by 21.6% during the third quarter. UBS Group AG now owns 2,977,513 shares of the company’s stock valued at $66,607,000 after buying an additional 529,617 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Invesco Variable Rate Preferred ETF by 127.8% during the third quarter. Envestnet Asset Management Inc. now owns 536,208 shares of the company’s stock valued at $11,995,000 after buying an additional 300,826 shares during the last quarter. Finally, Windsor Capital Management LLC raised its position in Invesco Variable Rate Preferred ETF by 880.7% in the fourth quarter. Windsor Capital Management LLC now owns 292,346 shares of the company’s stock worth $6,747,000 after purchasing an additional 262,536 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

NYSEARCA:VRP traded down $0.04 during mid-day trading on Friday, hitting $23.48. The company’s stock had a trading volume of 336,594 shares, compared to its average volume of 342,922. Invesco Variable Rate Preferred ETF has a fifty-two week low of $21.36 and a fifty-two week high of $23.87. The stock has a fifty day moving average of $23.62 and a 200-day moving average of $23.00.

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.