Prevail Innovative Wealth Advisors LLC Has $623,000 Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Prevail Innovative Wealth Advisors LLC increased its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 34.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,773 shares of the company’s stock after purchasing an additional 6,601 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $623,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spectrum Asset Management Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 1,293.9% in the 4th quarter. Spectrum Asset Management Inc. now owns 863,487 shares of the company’s stock worth $20,888,000 after purchasing an additional 801,539 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 47.7% during the fourth quarter. LPL Financial LLC now owns 2,098,397 shares of the company’s stock worth $50,760,000 after buying an additional 677,991 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 814.2% in the third quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock valued at $13,128,000 after acquiring an additional 478,001 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $9,370,000. Finally, Ocean Park Asset Management LLC boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 54.1% in the 4th quarter. Ocean Park Asset Management LLC now owns 610,200 shares of the company’s stock worth $14,761,000 after acquiring an additional 214,300 shares in the last quarter.

Invesco Variable Rate Preferred ETF Trading Down 0.0 %

Shares of VRP opened at $24.26 on Monday. The stock has a fifty day moving average price of $24.35 and a two-hundred day moving average price of $24.39. Invesco Variable Rate Preferred ETF has a 52-week low of $23.40 and a 52-week high of $24.67.

Invesco Variable Rate Preferred ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.1031 dividend. The ex-dividend date was Monday, March 24th.

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.