Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 22.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,099,330 shares of the company’s stock after selling 1,170,931 shares during the period. Bank of America Corp DE owned 6.55% of Invesco Variable Rate Preferred ETF worth $93,547,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VRP. Flagship Harbor Advisors LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 8,369.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 1,948 shares of the company’s stock valued at $44,000 after buying an additional 1,925 shares during the period. CWM LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $57,000. We Are One Seven LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $82,000. RPg Family Wealth Advisory LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 21.7% during the 4th quarter. RPg Family Wealth Advisory LLC now owns 4,866 shares of the company’s stock valued at $111,000 after buying an additional 866 shares during the period. Finally, Sound View Wealth Advisors LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $220,000.

VRP stock traded up $0.01 during midday trading on Monday, hitting $24.79. 158,736 shares of the company’s stock were exchanged, compared to its average volume of 315,073. Invesco Variable Rate Preferred ETF has a 12-month low of $22.26 and a 12-month high of $25.30.

The business also recently disclosed a monthly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 19th were given a dividend of $0.1128 per share. The ex-dividend date was Monday, March 18th. This represents a $1.35 dividend on an annualized basis and a yield of 5.46%. This is a positive change from Invesco Variable Rate Preferred ETF’s previous monthly dividend of $0.11.

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Institutional Ownership by Quarter for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

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