Palouse Capital Management Inc. Sells 1,397 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Palouse Capital Management Inc. cut its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,488 shares of the company’s stock after selling 1,397 shares during the quarter. Palouse Capital Management Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 108.7% in the third quarter. Jane Street Group LLC now owns 694,430 shares of the company’s stock valued at $15,208,000 after purchasing an additional 8,642,996 shares during the last quarter. Morgan Stanley raised its stake in Invesco Variable Rate Preferred ETF by 34.5% in the fourth quarter. Morgan Stanley now owns 5,755,947 shares of the company’s stock valued at $128,876,000 after purchasing an additional 1,476,055 shares in the last quarter. UBS Group AG raised its stake in shares of Invesco Variable Rate Preferred ETF by 21.6% during the third quarter. UBS Group AG now owns 2,977,513 shares of the company’s stock worth $66,607,000 after acquiring an additional 529,617 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 127.8% during the third quarter. Envestnet Asset Management Inc. now owns 536,208 shares of the company’s stock worth $11,995,000 after acquiring an additional 300,826 shares in the last quarter. Finally, Windsor Capital Management LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 880.7% in the fourth quarter. Windsor Capital Management LLC now owns 292,346 shares of the company’s stock worth $6,747,000 after buying an additional 262,536 shares during the period.

Invesco Variable Rate Preferred ETF Stock Down 0.2 %

Shares of NYSEARCA VRP traded down $0.04 during mid-day trading on Friday, hitting $23.48. The stock had a trading volume of 336,594 shares, compared to its average volume of 342,922. The business has a 50 day moving average price of $23.62 and a two-hundred day moving average price of $23.00. Invesco Variable Rate Preferred ETF has a 1 year low of $21.36 and a 1 year high of $23.87.

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.