Kovack Advisors Inc. Sells 4,725 Shares of Invesco Variable Rate Preferred ETF (VRP)

Kovack Advisors Inc. trimmed its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 23.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,505 shares of the company’s stock after selling 4,725 shares during the period. Kovack Advisors Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $381,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of VRP. TCI Wealth Advisors Inc. purchased a new stake in Invesco Variable Rate Preferred ETF in the first quarter worth about $43,000. Truvestments Capital LLC purchased a new position in Invesco Variable Rate Preferred ETF during the 1st quarter worth $43,000. Flagship Harbor Advisors LLC increased its holdings in Invesco Variable Rate Preferred ETF by 8,369.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 1,948 shares of the company’s stock worth $44,000 after purchasing an additional 1,925 shares during the period. Edge Wealth Management LLC purchased a new position in Invesco Variable Rate Preferred ETF during the 1st quarter worth $49,000. Finally, Private Capital Group LLC purchased a new position in Invesco Variable Rate Preferred ETF during the 1st quarter worth $51,000.

Shares of NYSEARCA:VRP opened at $24.73 on Tuesday. Invesco Variable Rate Preferred ETF has a 12-month low of $22.26 and a 12-month high of $25.30.



The business also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd were issued a $0.1143 dividend. The ex-dividend date was Monday, April 22nd. This is an increase from Invesco Variable Rate Preferred ETF’s previous monthly dividend of $0.11. This represents a $1.37 dividend on an annualized basis and a dividend yield of 5.54%.

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Institutional Ownership by Quarter for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

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