Accel Wealth Management Acquires 12,179 Shares of Invesco Variable Rate Preferred ETF $VRP

Accel Wealth Management boosted its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 129.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,617 shares of the company’s stock after purchasing an additional 12,179 shares during the quarter. Accel Wealth Management’s holdings in Invesco Variable Rate Preferred ETF were worth $529,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VRP. Smallwood Wealth Investment Management LLC bought a new position in shares of Invesco Variable Rate Preferred ETF during the 1st quarter valued at approximately $35,000. Westend Capital Management LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF in the first quarter valued at $107,000. Harbour Investments Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 58.2% in the first quarter. Harbour Investments Inc. now owns 4,490 shares of the company’s stock valued at $109,000 after purchasing an additional 1,652 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 6.8% in the first quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock valued at $276,000 after purchasing an additional 721 shares in the last quarter. Finally, Endowment Wealth Management Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 5.1% in the first quarter. Endowment Wealth Management Inc. now owns 11,689 shares of the company’s stock valued at $283,000 after purchasing an additional 569 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

VRP stock opened at $24.76 on Friday. The firm has a fifty day moving average price of $24.62 and a 200 day moving average price of $24.33. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.03 and a fifty-two week high of $24.93.

Invesco Variable Rate Preferred ETF Company Profile

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.