Principal Securities Inc. Has $4.13 Million Stock Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Principal Securities Inc. increased its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 10.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,993 shares of the company’s stock after buying an additional 16,273 shares during the period. Principal Securities Inc. owned about 0.25% of Invesco Variable Rate Preferred ETF worth $4,134,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its position in Invesco Variable Rate Preferred ETF by 5.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 29,256 shares of the company’s stock worth $695,000 after buying an additional 1,418 shares during the period. CWM LLC boosted its position in Invesco Variable Rate Preferred ETF by 14.4% during the 3rd quarter. CWM LLC now owns 31,991 shares of the company’s stock worth $783,000 after buying an additional 4,038 shares during the period. Truist Financial Corp boosted its position in Invesco Variable Rate Preferred ETF by 2.4% during the 2nd quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock worth $426,000 after buying an additional 421 shares during the period. Tidal Investments LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 8.9% in the 1st quarter. Tidal Investments LLC now owns 74,798 shares of the company’s stock worth $1,778,000 after purchasing an additional 6,142 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 18.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock worth $23,228,000 after purchasing an additional 152,981 shares during the period.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA VRP opened at $24.40 on Friday. Invesco Variable Rate Preferred ETF has a 52-week low of $21.89 and a 52-week high of $24.67. The company’s 50 day moving average price is $24.43 and its 200-day moving average price is $24.07.

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.