Howard Wealth Management LLC boosted its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) by 38.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,974 shares of the company’s stock after buying an additional 18,309 shares during the quarter. Howard Wealth Management LLC owned approximately 0.10% of Invesco Variable Rate Preferred ETF worth $1,596,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRP. Coastline Trust Co purchased a new position in Invesco Variable Rate Preferred ETF during the third quarter valued at $142,000. Zhang Financial LLC purchased a new position in Invesco Variable Rate Preferred ETF during the fourth quarter valued at $202,000. Stratos Wealth Partners LTD. purchased a new position in Invesco Variable Rate Preferred ETF during the fourth quarter valued at $219,000. Proficio Capital Partners LLC lifted its holdings in Invesco Variable Rate Preferred ETF by 4.8% during the third quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock valued at $221,000 after purchasing an additional 415 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. purchased a new position in Invesco Variable Rate Preferred ETF during the third quarter valued at $225,000.
Invesco Variable Rate Preferred ETF Stock Up 0.2 %
VRP opened at $24.49 on Friday. Invesco Variable Rate Preferred ETF has a 52-week low of $23.40 and a 52-week high of $24.67. The firm’s fifty day simple moving average is $24.32 and its two-hundred day simple moving average is $24.33.
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.
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