TCG Advisory Services LLC Sells 5,908 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

TCG Advisory Services LLC trimmed its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,760 shares of the company’s stock after selling 5,908 shares during the quarter. TCG Advisory Services LLC owned 0.18% of Invesco Variable Rate Preferred ETF worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC bought a new position in Invesco Variable Rate Preferred ETF in the fourth quarter valued at about $69,000. Fifth Third Bancorp boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 99.3% in the fourth quarter. Fifth Third Bancorp now owns 8,700 shares of the company’s stock worth $201,000 after buying an additional 4,335 shares during the last quarter. Belpointe Asset Management LLC grew its position in Invesco Variable Rate Preferred ETF by 22.6% during the third quarter. Belpointe Asset Management LLC now owns 11,350 shares of the company’s stock valued at $254,000 after buying an additional 2,090 shares during the period. Blair William & Co. IL grew its position in Invesco Variable Rate Preferred ETF by 8.0% during the third quarter. Blair William & Co. IL now owns 11,534 shares of the company’s stock valued at $258,000 after buying an additional 859 shares during the period. Finally, Insigneo Advisory Services LLC increased its holdings in Invesco Variable Rate Preferred ETF by 23.5% during the third quarter. Insigneo Advisory Services LLC now owns 14,211 shares of the company’s stock valued at $318,000 after buying an additional 2,700 shares during the last quarter.

Invesco Variable Rate Preferred ETF Trading Up 0.3 %

Shares of Invesco Variable Rate Preferred ETF stock traded up $0.08 on Friday, hitting $23.80. 414,391 shares of the company’s stock were exchanged, compared to its average volume of 357,322. The company has a 50-day simple moving average of $23.64 and a 200-day simple moving average of $23.12. Invesco Variable Rate Preferred ETF has a 1 year low of $21.36 and a 1 year high of $23.87.

About Invesco Variable Rate Preferred ETF

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.