Stifel Financial Corp Buys 1,922 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Stifel Financial Corp increased its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 347,507 shares of the company’s stock after acquiring an additional 1,922 shares during the quarter. Stifel Financial Corp owned about 0.51% of Invesco Variable Rate Preferred ETF worth $8,500,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 814.2% during the third quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock valued at $13,128,000 after acquiring an additional 478,001 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Invesco Variable Rate Preferred ETF during the 2nd quarter valued at $6,121,000. Ocean Park Asset Management LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 76.1% in the 2nd quarter. Ocean Park Asset Management LLC now owns 395,900 shares of the company’s stock worth $9,486,000 after buying an additional 171,100 shares during the period. Envestnet Asset Management Inc. grew its position in shares of 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 in the last quarter. Finally, All Season Financial Advisors Inc. purchased a new position in shares of Invesco Variable Rate Preferred ETF during the second quarter valued at $3,285,000.

Invesco Variable Rate Preferred ETF Trading Up 0.1 %

NYSEARCA VRP opened at $24.51 on Friday. The firm’s 50 day moving average price is $24.45 and its 200-day moving average price is $24.22. Invesco Variable Rate Preferred ETF has a 52-week low of $22.82 and a 52-week high of $24.67.

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.