Sanctuary Advisors LLC Sells 104,039 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Sanctuary Advisors LLC lowered its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 40.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 156,218 shares of the company’s stock after selling 104,039 shares during the quarter. Sanctuary Advisors LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $3,812,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VRP. Benjamin Edwards Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 814.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock valued at $13,128,000 after purchasing an additional 478,001 shares during the period. Ocean Park Asset Management LLC grew its holdings in Invesco Variable Rate Preferred ETF by 76.1% during the 2nd quarter. Ocean Park Asset Management LLC now owns 395,900 shares of the company’s stock valued at $9,486,000 after buying an additional 171,100 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Invesco Variable Rate Preferred ETF by 18.7% during the second quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock valued at $23,228,000 after buying an additional 152,981 shares during the period. All Season Financial Advisors Inc. purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the second quarter worth about $3,285,000. Finally, HighTower Advisors LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 16.9% in the third quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock worth $20,909,000 after buying an additional 123,324 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Up 0.1 %

Shares of NYSEARCA:VRP opened at $24.50 on Tuesday. The company has a 50 day moving average of $24.45 and a 200 day moving average of $24.23. Invesco Variable Rate Preferred ETF has a 12 month low of $22.89 and a 12 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.