Westover Capital Advisors LLC Acquires 416,172 Shares of Invesco Variable Rate Preferred ETF $VRP

Westover Capital Advisors LLC bought a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the third quarter, Holdings Channel reports. The firm bought 416,172 shares of the company’s stock, valued at approximately $9,867,000. Invesco Variable Rate Preferred ETF accounts for 1.6% of Westover Capital Advisors LLC’s portfolio, making the stock its 19th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in VRP. Stephens Inc. AR boosted its holdings in Invesco Variable Rate Preferred ETF by 4.6% in the 1st quarter. Stephens Inc. AR now owns 1,478,797 shares of the company’s stock valued at $35,462,000 after purchasing an additional 64,978 shares during the period. Insight Wealth Strategies LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF during the 2nd quarter worth about $22,654,000. Sanctuary Advisors LLC raised its holdings in Invesco Variable Rate Preferred ETF by 6.5% during the 1st quarter. Sanctuary Advisors LLC now owns 417,981 shares of the company’s stock worth $10,023,000 after buying an additional 25,629 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 13.5% in the first quarter. Janney Montgomery Scott LLC now owns 393,325 shares of the company’s stock worth $9,432,000 after purchasing an additional 46,747 shares in the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of Invesco Variable Rate Preferred ETF by 87.3% in the second quarter. Avior Wealth Management LLC now owns 351,681 shares of the company’s stock valued at $8,549,000 after buying an additional 163,937 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA:VRP opened at $23.57 on Tuesday. The stock has a 50 day simple moving average of $23.91 and a 200 day simple moving average of $24.22. Invesco Variable Rate Preferred ETF has a 1-year low of $23.47 and a 1-year high of $24.75.

Invesco Variable Rate Preferred ETF 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.