Bank of New York Mellon Corp Acquires 1,446 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Bank of New York Mellon Corp increased its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 6.4% during the fourth quarter, HoldingsChannel reports. The firm owned 24,078 shares of the company’s stock after buying an additional 1,446 shares during the period. Bank of New York Mellon Corp’s holdings in Invesco Variable Rate Preferred ETF were worth $582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. D.A. Davidson & CO. increased its holdings in Invesco Variable Rate Preferred ETF by 6.2% during the third quarter. D.A. Davidson & CO. now owns 39,568 shares of the company’s stock valued at $968,000 after buying an additional 2,325 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of Invesco Variable Rate Preferred ETF by 814.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock valued at $13,128,000 after acquiring an additional 478,001 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 16.9% during the 3rd quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock valued at $20,909,000 after buying an additional 123,324 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 0.6% in the 3rd quarter. Stifel Financial Corp now owns 347,507 shares of the company’s stock worth $8,500,000 after purchasing an additional 1,922 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 81.2% in the 3rd quarter. Jane Street Group LLC now owns 220,367 shares of the company’s stock worth $5,390,000 after acquiring an additional 98,725 shares during the last quarter.

Invesco Variable Rate Preferred ETF Trading Up 0.2 %

Shares of NYSEARCA VRP opened at $24.27 on Friday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.40 and a fifty-two week high of $24.67. The business’s 50 day moving average price is $24.35 and its 200-day moving average price is $24.39.

Invesco Variable Rate Preferred ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a $0.1031 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.