Stephens Inc. AR Sells 61,326 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Stephens Inc. AR cut its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 10.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 530,449 shares of the company’s stock after selling 61,326 shares during the quarter. Stephens Inc. AR owned about 0.87% of Invesco Variable Rate Preferred ETF worth $13,224,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Coastal Investment Advisors Inc. purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the second quarter valued at $25,000. Barnett & Company Inc. boosted its position in shares of Invesco Variable Rate Preferred ETF by 161.3% during the second quarter. Barnett & Company Inc. now owns 1,620 shares of the company’s stock valued at $40,000 after buying an additional 1,000 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the first quarter valued at $43,000. Cetera Advisors LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the first quarter valued at $46,000. Finally, Private Capital Group LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the first quarter valued at $51,000.

Shares of Invesco Variable Rate Preferred ETF stock traded down $0.01 during trading on Wednesday, hitting $25.18. 364 shares of the company’s stock traded hands, compared to its average volume of 267,961. Invesco Variable Rate Preferred ETF has a 1 year low of $22.26 and a 1 year high of $25.32. The stock has a 50-day simple moving average of $25.13.

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

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