New Millennium Group LLC grew its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 124,305 shares of the company’s stock after acquiring an additional 3,186 shares during the quarter. Invesco Variable Rate Preferred ETF accounts for approximately 1.7% of New Millennium Group LLC’s investment portfolio, making the stock its 21st biggest position. New Millennium Group LLC owned about 0.14% of Invesco Variable Rate Preferred ETF worth $3,039,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of VRP. Migdal Insurance & Financial Holdings Ltd. bought a new position in Invesco Variable Rate Preferred ETF in the first quarter valued at approximately $9,696,000. Integrity Alliance LLC. bought a new position in shares of Invesco Variable Rate Preferred ETF in the first quarter worth about $5,335,000. Wealthcare Advisory Partners LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 2,329.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 203,814 shares of the company’s stock worth $4,983,000 after acquiring an additional 195,424 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 8.3% in the first quarter. LPL Financial LLC now owns 2,271,805 shares of the company’s stock worth $55,069,000 after acquiring an additional 173,408 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of Invesco Variable Rate Preferred ETF in the second quarter worth about $3,928,000.
Invesco Variable Rate Preferred ETF Price Performance
VRP stock opened at $24.62 on Wednesday. The firm has a 50-day moving average price of $24.69 and a 200-day moving average price of $24.45. Invesco Variable Rate Preferred ETF has a 12 month low of $23.03 and a 12 month high of $24.93.
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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