Stelac Advisory Services LLC Acquires 1,240 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Stelac Advisory Services LLC increased its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,932 shares of the company’s stock after purchasing an additional 1,240 shares during the quarter. Stelac Advisory Services LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $1,353,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. bought a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter worth $498,000. Truist Financial Corp grew its stake in shares of Invesco Variable Rate Preferred ETF by 8.3% in the fourth quarter. Truist Financial Corp now owns 17,760 shares of the company’s stock worth $430,000 after purchasing an additional 1,363 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in Invesco Variable Rate Preferred ETF in the fourth quarter valued at $219,000. New Millennium Group LLC acquired a new position in Invesco Variable Rate Preferred ETF in the third quarter valued at $1,634,000. Finally, Estate Counselors LLC lifted its holdings in Invesco Variable Rate Preferred ETF by 0.3% in the third quarter. Estate Counselors LLC now owns 332,505 shares of the company’s stock valued at $8,133,000 after buying an additional 1,110 shares during the period.

Invesco Variable Rate Preferred ETF Stock Performance

VRP stock opened at $24.26 on Thursday. Invesco Variable Rate Preferred ETF has a 12-month low of $23.40 and a 12-month high of $24.67. The company’s fifty day simple moving average is $24.33 and its 200 day simple moving average is $24.38.

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.