Royal Capital Wealth Management LLC Cuts Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Royal Capital Wealth Management LLC lessened its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 11.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,350 shares of the company’s stock after selling 1,150 shares during the quarter. Royal Capital Wealth Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Proficio Capital Partners LLC increased its holdings in Invesco Variable Rate Preferred ETF by 4.8% in the 3rd quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock valued at $221,000 after acquiring an additional 415 shares during the last quarter. Truist Financial Corp grew its position in shares of Invesco Variable Rate Preferred ETF by 2.4% during the second quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock valued at $426,000 after purchasing an additional 421 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 3.9% in the second quarter. Thoroughbred Financial Services LLC now owns 11,533 shares of the company’s stock worth $276,000 after purchasing an additional 435 shares during the last quarter. MFA Wealth Advisors LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 2.0% in the third quarter. MFA Wealth Advisors LLC now owns 22,976 shares of the company’s stock worth $562,000 after purchasing an additional 461 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 2.0% in the second quarter. B. Riley Wealth Advisors Inc. now owns 24,188 shares of the company’s stock worth $580,000 after buying an additional 481 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

NYSEARCA VRP opened at $24.52 on Friday. Invesco Variable Rate Preferred ETF has a 1-year low of $22.51 and a 1-year high of $24.67. The business has a 50 day simple moving average of $24.45 and a two-hundred day simple moving average of $24.18.

About Invesco Variable Rate Preferred ETF

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.