Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Sold by LPL Financial LLC

LPL Financial LLC reduced its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 182,515 shares of the company’s stock after selling 481 shares during the quarter. LPL Financial LLC owned 0.30% of Invesco Variable Rate Preferred ETF worth $4,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Coastal Investment Advisors Inc. purchased a new position in Invesco Variable Rate Preferred ETF in the second quarter valued at $25,000. Barnett & Company Inc. grew its holdings in Invesco Variable Rate Preferred ETF by 161.3% during the 2nd quarter. Barnett & Company Inc. now owns 1,620 shares of the company’s stock valued at $40,000 after buying an additional 1,000 shares in the last quarter. Cetera Advisors LLC bought a new stake in Invesco Variable Rate Preferred ETF in the 1st quarter valued at $46,000. Mycio Wealth Partners LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the second quarter worth about $60,000. Finally, NEXT Financial Group Inc raised its holdings in shares of Invesco Variable Rate Preferred ETF by 27.6% during the 2nd quarter. NEXT Financial Group Inc now owns 7,425 shares of the company’s stock worth $185,000 after acquiring an additional 1,607 shares in the last quarter.

NYSEARCA VRP traded up $0.05 during trading on Wednesday, hitting $25.43. The stock had a trading volume of 2,400 shares, compared to its average volume of 268,838. The stock has a 50 day simple moving average of $25.24 and a 200 day simple moving average of $24.87. Invesco Variable Rate Preferred ETF has a one year low of $22.26 and a one year high of $25.50.

Further Reading: How does inflation affect different investments?

Want to see what other hedge funds are holding VRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP).

Institutional Ownership by Quarter for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Receive News & Ratings for Invesco Variable Rate Preferred ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Variable Rate Preferred ETF and related companies with MarketBeat.com's FREE daily email newsletter.