Investors Sell Invesco Variable Rate Preferred ETF (VRP) on Strength (VRP)

Traders sold shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) on strength during trading on Wednesday. $2.10 million flowed into the stock on the tick-up and $64.55 million flowed out of the stock on the tick-down, for a money net flow of $62.45 million out of the stock. Of all companies tracked, Invesco Variable Rate Preferred ETF had the 29th highest net out-flow for the day. Invesco Variable Rate Preferred ETF traded up $0.06 for the day and closed at $24.41

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, October 23rd will be paid a dividend of $0.1033 per share. The ex-dividend date of this dividend is Monday, October 22nd. This is an increase from Invesco Variable Rate Preferred ETF’s previous monthly dividend of $0.10. This represents a $1.24 annualized dividend and a yield of 5.08%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Advisory Inc. acquired a new position in Invesco Variable Rate Preferred ETF during the 2nd quarter worth approximately $315,431,000. LFA Lugano Financial Advisors SA acquired a new position in Invesco Variable Rate Preferred ETF during the 2nd quarter worth approximately $3,504,000. Wells Fargo & Company MN increased its position in Invesco Variable Rate Preferred ETF by 9.2% during the 2nd quarter. Wells Fargo & Company MN now owns 2,724,288 shares of the company’s stock worth $67,698,000 after purchasing an additional 229,371 shares during the period. Atwood & Palmer Inc. increased its position in Invesco Variable Rate Preferred ETF by 2.0% during the 3rd quarter. Atwood & Palmer Inc. now owns 705,485 shares of the company’s stock worth $17,560,000 after purchasing an additional 13,849 shares during the period. Finally, Clearwater Capital Advisors LLC increased its position in Invesco Variable Rate Preferred ETF by 12.4% during the 3rd quarter. Clearwater Capital Advisors LLC now owns 612,647 shares of the company’s stock worth $15,249,000 after purchasing an additional 67,687 shares during the period.

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