Synergy Asset Management LLC Sells 94,227 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Synergy Asset Management LLC lowered its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 29.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,575 shares of the company’s stock after selling 94,227 shares during the quarter. Invesco Variable Rate Preferred ETF accounts for 0.8% of Synergy Asset Management LLC’s investment portfolio, making the stock its 27th largest holding. Synergy Asset Management LLC owned 0.33% of Invesco Variable Rate Preferred ETF worth $5,357,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Invesco Variable Rate Preferred ETF during the fourth quarter worth $210,000. Oppenheimer & Co. Inc. grew its stake in Invesco Variable Rate Preferred ETF by 5.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 29,256 shares of the company’s stock valued at $695,000 after purchasing an additional 1,418 shares during the period. Advisory Services Network LLC grew its stake in Invesco Variable Rate Preferred ETF by 3.3% in the 4th quarter. Advisory Services Network LLC now owns 45,457 shares of the company’s stock valued at $1,049,000 after purchasing an additional 1,437 shares during the period. Corient Private Wealth LLC grew its stake in Invesco Variable Rate Preferred ETF by 51.2% in the 4th quarter. Corient Private Wealth LLC now owns 46,946 shares of the company’s stock valued at $1,084,000 after purchasing an additional 15,887 shares during the period. Finally, Park Avenue Securities LLC grew its stake in Invesco Variable Rate Preferred ETF by 45.2% in the 1st quarter. Park Avenue Securities LLC now owns 67,231 shares of the company’s stock valued at $1,598,000 after purchasing an additional 20,944 shares during the period.

Invesco Variable Rate Preferred ETF Stock Up 0.0 %

NYSEARCA:VRP traded up $0.01 during trading on Friday, reaching $24.37. The company’s stock had a trading volume of 15,037 shares, compared to its average volume of 386,652. The firm has a 50 day moving average of $24.03 and a 200-day moving average of $23.84. Invesco Variable Rate Preferred ETF has a 12 month low of $21.60 and a 12 month high of $24.37.

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.