Invesco Variable Rate Preferred ETF (VRP) Shares Bought by AlphaStar Capital Management LLC

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AlphaStar Capital Management LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,836 shares of the company’s stock after acquiring an additional 3,514 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $1,296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of VRP. Coastline Trust Co boosted its stake in shares of Invesco Variable Rate Preferred ETF by 10.7% during the 1st quarter. Coastline Trust Co now owns 226,860 shares of the company’s stock valued at $5,576,000 after buying an additional 21,985 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Invesco Variable Rate Preferred ETF by 10.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 39,875 shares of the company’s stock valued at $980,000 after buying an additional 3,925 shares during the period. Gilman Hill Asset Management LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 13.5% during the 1st quarter. Gilman Hill Asset Management LLC now owns 18,875 shares of the company’s stock valued at $464,000 after buying an additional 2,250 shares during the period. Roman Butler Fullerton & Co. boosted its stake in shares of Invesco Variable Rate Preferred ETF by 11.5% during the 1st quarter. Roman Butler Fullerton & Co. now owns 47,239 shares of the company’s stock valued at $1,161,000 after buying an additional 4,881 shares during the period. Finally, Northern Oak Wealth Management Inc. boosted its stake in shares of Invesco Variable Rate Preferred ETF by 9.6% during the 1st quarter. Northern Oak Wealth Management Inc. now owns 253,071 shares of the company’s stock valued at $6,220,000 after buying an additional 22,229 shares during the period.

Shares of NYSEARCA:VRP opened at $24.78 on Friday. 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 announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be paid a dividend of $0.1143 per share. The ex-dividend date is Monday, April 22nd. This represents a $1.37 dividend on an annualized basis and a dividend yield of 5.53%. 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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