Brown Lisle Cummings Inc. Sells 2,640 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Brown Lisle Cummings Inc. cut its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 4.9% in the third quarter, Holdings Channel reports. The institutional investor owned 51,610 shares of the company’s stock after selling 2,640 shares during the period. Brown Lisle Cummings Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $1,262,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the first quarter worth approximately $7,554,000. Commonwealth Equity Services LLC increased its stake in Invesco Variable Rate Preferred ETF by 161.8% in the first quarter. Commonwealth Equity Services LLC now owns 449,304 shares of the company’s stock worth $10,680,000 after purchasing an additional 277,685 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the second quarter worth $6,121,000. Ocean Park Asset Management LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 76.1% during the second quarter. Ocean Park Asset Management LLC now owns 395,900 shares of the company’s stock valued at $9,486,000 after purchasing an additional 171,100 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock worth $23,228,000 after purchasing an additional 152,981 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP opened at $24.63 on Monday. Invesco Variable Rate Preferred ETF has a 1-year low of $21.60 and a 1-year high of $24.67. The company has a 50-day moving average of $24.36 and a 200 day moving average of $24.02.

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.