Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lowered its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,458 shares of the company’s stock after selling 2,132 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.09% of Invesco Variable Rate Preferred ETF worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 5.4% in the 4th quarter. Stifel Financial Corp now owns 304,780 shares of the company’s stock valued at $7,034,000 after buying an additional 15,554 shares in the last quarter. J. W. Coons Advisors LLC boosted its stake in Invesco Variable Rate Preferred ETF by 2.8% in the fourth quarter. J. W. Coons Advisors LLC now owns 28,465 shares of the company’s stock valued at $657,000 after acquiring an additional 780 shares in the last quarter. Vima LLC acquired a new position in Invesco Variable Rate Preferred ETF in the fourth quarter valued at $78,000. Park Avenue Securities LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 45.2% during the first quarter. Park Avenue Securities LLC now owns 67,231 shares of the company’s stock worth $1,598,000 after purchasing an additional 20,944 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of Invesco Variable Rate Preferred ETF by 33.4% during the first quarter. Sound Income Strategies LLC now owns 3,996 shares of the company’s stock worth $95,000 after purchasing an additional 1,000 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of NYSEARCA VRP opened at $24.48 on Friday. The business has a 50-day moving average price of $24.24 and a 200 day moving average price of $23.97. Invesco Variable Rate Preferred ETF has a 52-week low of $21.60 and a 52-week high of $24.66.

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.