Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 20.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,953 shares of the company’s stock after purchasing an additional 7,400 shares during the quarter. Thrivent Financial for Lutherans owned about 0.06% of Invesco Variable Rate Preferred ETF worth $1,053,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets raised its position in Invesco Variable Rate Preferred ETF by 75,025.0% in the first quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock worth $71,000 after acquiring an additional 3,001 shares in the last quarter. Vima LLC bought a new stake in Invesco Variable Rate Preferred ETF in the fourth quarter worth about $78,000. Key Financial Inc raised its position in Invesco Variable Rate Preferred ETF by 59.6% in the second quarter. Key Financial Inc now owns 3,370 shares of the company’s stock worth $81,000 after acquiring an additional 1,259 shares in the last quarter. Sound Income Strategies LLC raised its position in Invesco Variable Rate Preferred ETF by 33.4% in the first quarter. Sound Income Strategies LLC now owns 3,996 shares of the company’s stock worth $95,000 after acquiring an additional 1,000 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in Invesco Variable Rate Preferred ETF in the second quarter worth about $140,000.

Invesco Variable Rate Preferred ETF Stock Performance

NYSEARCA VRP opened at $24.48 on Friday. The stock’s 50-day moving average price is $24.24 and its two-hundred day moving average price is $23.97. Invesco Variable Rate Preferred ETF has a 1 year low of $21.60 and a 1 year high of $24.66.

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.