Dearborn Partners LLC Has $2.07 Million Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Dearborn Partners LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,415 shares of the company’s stock after acquiring an additional 1,455 shares during the quarter. Dearborn Partners LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $2,065,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. BNP Paribas Financial Markets grew its stake in shares of Invesco Variable Rate Preferred ETF by 75,025.0% during the first quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock worth $71,000 after buying an additional 3,001 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 15.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 27,366 shares of the company’s stock valued at $650,000 after acquiring an additional 3,757 shares during the period. Patten & Patten Inc. TN acquired a new stake in Invesco Variable Rate Preferred ETF in the first quarter valued at approximately $830,000. Resurgent Financial Advisors LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 100.3% during the first quarter. Resurgent Financial Advisors LLC now owns 26,790 shares of the company’s stock valued at $637,000 after purchasing an additional 13,415 shares in the last quarter. Finally, Waverly Advisors LLC boosted its position in Invesco Variable Rate Preferred ETF by 1.8% in the first quarter. Waverly Advisors LLC now owns 80,165 shares of the company’s stock worth $1,906,000 after purchasing an additional 1,410 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of VRP opened at $24.50 on Friday. The business has a 50-day moving average of $24.47 and a 200 day moving average of $24.13. Invesco Variable Rate Preferred ETF has a fifty-two week low of $22.36 and a fifty-two week high of $24.67.

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.