1,100 Shares in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Acquired by Mechanics Financial Corp

Mechanics Financial Corp bought a new stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,100 shares of the company’s stock, valued at approximately $27,000.

Several other large investors also recently added to or reduced their stakes in VRP. LPL Financial LLC boosted its holdings 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 in the last quarter. Stephens Inc. AR boosted its stake in Invesco Variable Rate Preferred ETF by 1.3% during the 4th quarter. Stephens Inc. AR now owns 1,431,932 shares of the company’s stock valued at $34,638,000 after purchasing an additional 17,757 shares during the period. HighTower Advisors LLC grew its holdings in Invesco Variable Rate Preferred ETF by 11.5% in the 4th 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 last quarter. Spectrum Asset Management Inc. lifted its holdings in shares of 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 worth $20,888,000 after buying an additional 801,539 shares during the last quarter. Finally, Ocean Park Asset Management LLC boosted its position in shares of Invesco Variable Rate Preferred ETF by 54.1% in the fourth quarter. Ocean Park Asset Management LLC now owns 610,200 shares of the company’s stock valued at $14,761,000 after acquiring an additional 214,300 shares during the period.

Invesco Variable Rate Preferred ETF Stock Down 0.0 %

Shares of VRP stock opened at $24.26 on Friday. Invesco Variable Rate Preferred ETF has a 1 year low of $23.40 and a 1 year high of $24.67. The firm’s fifty day simple moving average is $24.35 and its 200 day simple moving average is $24.39.

Invesco Variable Rate Preferred ETF Cuts Dividend

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

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.