Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Sold by LFA Lugano Financial Advisors SA

LFA Lugano Financial Advisors SA decreased its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 24.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,617 shares of the company’s stock after selling 3,860 shares during the quarter. LFA Lugano Financial Advisors SA’s holdings in Invesco Variable Rate Preferred ETF were worth $268,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Comerica Bank acquired a new position in Invesco Variable Rate Preferred ETF in the 2nd quarter worth about $360,000. Captrust Financial Advisors raised its holdings in shares of Invesco Variable Rate Preferred ETF by 1,818.0% during the second quarter. Captrust Financial Advisors now owns 1,918 shares of the company’s stock valued at $43,000 after acquiring an additional 1,818 shares during the last quarter. Worth Asset Management LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF during the first quarter valued at approximately $54,000. Sound Income Strategies LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF during the fourth quarter valued at approximately $69,000. Finally, Retirement Group LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 6.9% during the second quarter. Retirement Group LLC now owns 8,214 shares of the company’s stock valued at $183,000 after acquiring an additional 533 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of Invesco Variable Rate Preferred ETF stock opened at $23.81 on Tuesday. The business has a 50 day simple moving average of $23.58 and a two-hundred day simple moving average of $22.91. Invesco Variable Rate Preferred ETF has a 12 month low of $21.36 and a 12 month high of $23.87.

About Invesco Variable Rate Preferred ETF

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.