Invesco Variable Rate Preferred ETF $VRP Stock Acquired by Elmwood Wealth Management Inc.

Elmwood Wealth Management Inc. lifted its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 23.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 174,877 shares of the company’s stock after buying an additional 33,399 shares during the period. Elmwood Wealth Management Inc. owned approximately 0.14% of Invesco Variable Rate Preferred ETF worth $4,146,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Atwood & Palmer Inc. acquired a new position in Invesco Variable Rate Preferred ETF in the 3rd quarter valued at about $43,000. International Assets Investment Management LLC raised its stake in Invesco Variable Rate Preferred ETF by 51.4% during the 1st quarter. International Assets Investment Management LLC now owns 3,180 shares of the company’s stock valued at $77,000 after acquiring an additional 1,080 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in Invesco Variable Rate Preferred ETF during the 1st quarter valued at approximately $141,000. Coastline Trust Co acquired a new stake in Invesco Variable Rate Preferred ETF during the 3rd quarter worth approximately $154,000. Finally, LFA Lugano Financial Advisors SA lifted its position in Invesco Variable Rate Preferred ETF by 83.8% during the 1st quarter. LFA Lugano Financial Advisors SA now owns 9,313 shares of the company’s stock worth $222,000 after acquiring an additional 4,246 shares during the period.

Invesco Variable Rate Preferred ETF Trading Down 0.2%

Shares of VRP stock traded down $0.04 during midday trading on Wednesday, hitting $23.68. The company had a trading volume of 451,980 shares, compared to its average volume of 623,568. The company’s 50 day simple moving average is $24.01 and its 200 day simple moving average is $24.19. Invesco Variable Rate Preferred ETF has a 52-week low of $23.59 and a 52-week high of $24.85.

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.