Ironwood Investment Counsel LLC Decreases Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Ironwood Investment Counsel LLC reduced its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,612 shares of the company’s stock after selling 1,170 shares during the period. Ironwood Investment Counsel LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $969,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Advisory Alpha LLC increased its position in shares of Invesco Variable Rate Preferred ETF by 2.9% during the second quarter. Advisory Alpha LLC now owns 2,009,869 shares of the company’s stock worth $48,158,000 after purchasing an additional 57,456 shares in the last quarter. Stephens Inc. AR grew its stake in Invesco Variable Rate Preferred ETF by 0.4% during the 3rd quarter. Stephens Inc. AR now owns 1,414,175 shares of the company’s stock worth $34,591,000 after buying an additional 5,892 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Invesco Variable Rate Preferred ETF by 18.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock worth $23,228,000 after buying an additional 152,981 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Invesco Variable Rate Preferred ETF by 0.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 459,464 shares of the company’s stock worth $11,008,000 after buying an additional 2,673 shares during the period. Finally, Evolution Wealth Advisors LLC lifted its stake in Invesco Variable Rate Preferred ETF by 3.6% in the third quarter. Evolution Wealth Advisors LLC now owns 452,294 shares of the company’s stock valued at $11,063,000 after buying an additional 15,832 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

VRP stock opened at $24.52 on Friday. The business has a 50 day simple moving average of $24.45 and a 200-day simple moving average of $24.18. Invesco Variable Rate Preferred ETF has a twelve month low of $22.51 and a twelve month high of $24.67.

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.