Principal Financial Group Inc. Raises Stock Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Principal Financial Group Inc. increased its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Rating) by 4,424.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 646,236 shares of the company’s stock after acquiring an additional 631,952 shares during the period. Principal Financial Group Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $14,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. raised its stake in Invesco Variable Rate Preferred ETF by 88.3% in the 4th quarter. Citigroup Inc. now owns 153,221 shares of the company’s stock worth $3,431,000 after acquiring an additional 71,830 shares during the last quarter. Spectrum Asset Management Inc. grew its position in Invesco Variable Rate Preferred ETF by 1,064.8% during the 4th quarter. Spectrum Asset Management Inc. now owns 905,108 shares of the company’s stock worth $20,265,000 after purchasing an additional 827,400 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Invesco Variable Rate Preferred ETF by 49.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 179,820 shares of the company’s stock worth $4,026,000 after purchasing an additional 59,303 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Invesco Variable Rate Preferred ETF by 21.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 570,878 shares of the company’s stock worth $12,782,000 after purchasing an additional 101,374 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in Invesco Variable Rate Preferred ETF by 32.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 65,806 shares of the company’s stock worth $1,473,000 after purchasing an additional 16,075 shares during the period.

Invesco Variable Rate Preferred ETF Stock Up 0.3 %

Shares of VRP opened at $21.97 on Thursday. The business’s 50-day moving average is $21.94 and its two-hundred day moving average is $22.49. Invesco Variable Rate Preferred ETF has a fifty-two week low of $20.88 and a fifty-two week high of $23.73.

Invesco Variable Rate Preferred ETF Company Profile

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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.