Rockefeller Capital Management L.P. Reduces Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Rockefeller Capital Management L.P. lessened its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 26.6% during the 4th quarter, Holdings Channel reports. The fund owned 150,167 shares of the company’s stock after selling 54,286 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Invesco Variable Rate Preferred ETF were worth $3,633,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Advisory Resource Group purchased a new stake in Invesco Variable Rate Preferred ETF in the 3rd quarter valued at about $1,538,000. SK Wealth Management LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the 3rd quarter worth $633,000. International Assets Investment Management LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF during the 4th quarter worth about $235,000. Elmwood Wealth Management Inc. lifted its stake in Invesco Variable Rate Preferred ETF by 2.1% during the fourth quarter. Elmwood Wealth Management Inc. now owns 152,510 shares of the company’s stock worth $3,689,000 after purchasing an additional 3,188 shares during the last quarter. Finally, Courier Capital LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 13.8% in the fourth quarter. Courier Capital LLC now owns 36,209 shares of the company’s stock valued at $876,000 after purchasing an additional 4,389 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

VRP stock opened at $23.94 on Friday. The company’s 50 day moving average is $24.16 and its two-hundred day moving average is $24.30. Invesco Variable Rate Preferred ETF has a twelve month low of $23.03 and a twelve month high of $24.67.

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.