Orion Portfolio Solutions LLC Buys 6,998 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Orion Portfolio Solutions LLC raised its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 7.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,523 shares of the company’s stock after acquiring an additional 6,998 shares during the quarter. Orion Portfolio Solutions LLC owned about 0.16% of Invesco Variable Rate Preferred ETF worth $2,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Beta Wealth Group Inc. lifted its stake in shares of Invesco Variable Rate Preferred ETF by 0.8% during the fourth quarter. Beta Wealth Group Inc. now owns 49,330 shares of the company’s stock valued at $1,193,000 after acquiring an additional 413 shares during the period. Addison Capital Co lifted its position in Invesco Variable Rate Preferred ETF by 0.6% during the 4th quarter. Addison Capital Co now owns 85,461 shares of the company’s stock valued at $2,067,000 after purchasing an additional 485 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 1.7% in the 4th quarter. Corient Private Wealth LLC now owns 32,667 shares of the company’s stock valued at $790,000 after purchasing an additional 553 shares during the last quarter. Endowment Wealth Management Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 7.6% during the 4th quarter. Endowment Wealth Management Inc. now owns 11,120 shares of the company’s stock worth $269,000 after buying an additional 788 shares during the period. Finally, Kovack Advisors Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 8.6% during the fourth quarter. Kovack Advisors Inc. now owns 11,235 shares of the company’s stock worth $272,000 after buying an additional 885 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Up 0.0 %

Shares of VRP stock opened at $24.25 on Wednesday. The firm’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 has a 52-week low of $23.40 and a 52-week high of $24.67.

Invesco Variable Rate Preferred ETF Cuts Dividend

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