Oder Investment Management LLC Boosts Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Oder Investment Management LLC boosted its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,602 shares of the company’s stock after acquiring an additional 498 shares during the period. Invesco Variable Rate Preferred ETF accounts for approximately 1.9% of Oder Investment Management LLC’s investment portfolio, making the stock its 14th biggest position. Oder Investment Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $2,337,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Boyd Watterson Asset Management LLC OH purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at about $27,000. Mechanics Financial Corp purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter valued at approximately $27,000. Harbour Investments Inc. increased its holdings in shares of Invesco Variable Rate Preferred ETF by 238.7% during the 4th quarter. Harbour Investments Inc. now owns 2,838 shares of the company’s stock worth $69,000 after buying an additional 2,000 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Invesco Variable Rate Preferred ETF by 130.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,794 shares of the company’s stock valued at $116,000 after buying an additional 2,714 shares during the period. Finally, Zhang Financial LLC acquired a new position in Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $202,000.

Invesco Variable Rate Preferred ETF Trading Down 0.4 %

Shares of Invesco Variable Rate Preferred ETF stock opened at $23.47 on Friday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.03 and a fifty-two week high of $24.67. The stock has a 50 day moving average of $24.21 and a 200 day moving average of $24.33.

Invesco Variable Rate Preferred ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.1031 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.