57,560 Shares in Invesco Variable Rate Preferred ETF $VRP Purchased by Blue Jean Financial LLC

Blue Jean Financial LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the 4th quarter, Holdings Channel.com reports. The firm acquired 57,560 shares of the company’s stock, valued at approximately $1,400,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE lifted its position in Invesco Variable Rate Preferred ETF by 6.2% during the third quarter. Bank of America Corp DE now owns 8,491,380 shares of the company’s stock worth $209,737,000 after purchasing an additional 497,911 shares during the period. Wells Fargo & Company MN lifted its position in Invesco Variable Rate Preferred ETF by 11.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,508,606 shares of the company’s stock worth $85,364,000 after purchasing an additional 360,543 shares during the period. LPL Financial LLC lifted its position in Invesco Variable Rate Preferred ETF by 17.8% during the fourth quarter. LPL Financial LLC now owns 2,652,479 shares of the company’s stock worth $64,535,000 after purchasing an additional 399,914 shares during the period. UBS Group AG lifted its position in Invesco Variable Rate Preferred ETF by 1.0% during the fourth quarter. UBS Group AG now owns 2,175,176 shares of the company’s stock worth $52,922,000 after purchasing an additional 21,479 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Invesco Variable Rate Preferred ETF by 12.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,957,799 shares of the company’s stock worth $47,633,000 after purchasing an additional 219,807 shares during the period.

Invesco Variable Rate Preferred ETF Stock Up 0.1%

VRP opened at $24.37 on Friday. Invesco Variable Rate Preferred ETF has a twelve month low of $23.71 and a twelve month high of $24.93. The company has a 50-day simple moving average of $24.31 and a 200 day simple moving average of $24.35.

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.