Segall Bryant & Hamill LLC Invests $510,000 in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Segall Bryant & Hamill LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 20,862 shares of the company’s stock, valued at approximately $510,000.

A number of other hedge funds have also bought and sold shares of the company. CWM LLC boosted its stake in Invesco Variable Rate Preferred ETF by 14.4% during the third quarter. CWM LLC now owns 31,991 shares of the company’s stock worth $783,000 after acquiring an additional 4,038 shares in the last quarter. Truist Financial Corp raised its position in Invesco Variable Rate Preferred ETF by 2.4% in the 2nd quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock valued at $426,000 after buying an additional 421 shares during the last quarter. Tidal Investments LLC raised its position in 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 valued at $1,778,000 after buying an additional 6,142 shares during the last quarter. Envestnet Asset Management Inc. raised its position in 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 valued at $23,228,000 after buying an additional 152,981 shares during the last quarter. Finally, Advisory Alpha LLC raised its position in Invesco Variable Rate Preferred ETF by 2.9% in the 2nd quarter. Advisory Alpha LLC now owns 2,009,869 shares of the company’s stock valued at $48,158,000 after buying an additional 57,456 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA VRP opened at $24.40 on Monday. Invesco Variable Rate Preferred ETF has a 12 month low of $22.36 and a 12 month high of $24.67. The business has a fifty day simple moving average of $24.47 and a 200 day simple moving average of $24.16.

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.