Financial Counselors Inc. Purchases 1,674 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Financial Counselors Inc. increased its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 45,386 shares of the company’s stock after buying an additional 1,674 shares during the period. Financial Counselors Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $1,098,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of VRP. LPL Financial LLC boosted its position in Invesco Variable Rate Preferred ETF by 47.7% in the fourth quarter. LPL Financial LLC now owns 2,098,397 shares of the company’s stock worth $50,760,000 after purchasing an additional 677,991 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 1.3% in the 4th quarter. Stephens Inc. AR now owns 1,431,932 shares of the company’s stock worth $34,638,000 after buying an additional 17,757 shares during the last quarter. HighTower Advisors LLC grew its position in Invesco Variable Rate Preferred ETF by 11.5% during the fourth quarter. HighTower Advisors LLC now owns 953,200 shares of the company’s stock valued at $23,058,000 after buying an additional 98,336 shares during the period. Spectrum Asset Management Inc. grew its position in Invesco Variable Rate Preferred ETF by 1,293.9% during the fourth quarter. Spectrum Asset Management Inc. now owns 863,487 shares of the company’s stock valued at $20,888,000 after buying an additional 801,539 shares during the period. Finally, Ocean Park Asset Management LLC increased its holdings in Invesco Variable Rate Preferred ETF by 54.1% during the fourth quarter. Ocean Park Asset Management LLC now owns 610,200 shares of the company’s stock worth $14,761,000 after buying an additional 214,300 shares during the last quarter.

Invesco Variable Rate Preferred ETF Trading Up 0.2 %

VRP opened at $24.27 on Friday. Invesco Variable Rate Preferred ETF has a twelve month low of $23.40 and a twelve month high of $24.67. The company’s 50-day moving average price is $24.35 and its two-hundred day moving average price is $24.39.

Invesco Variable Rate Preferred ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a $0.1031 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.