Invesco Variable Rate Preferred ETF $VRP Shares Newly Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 36,211 shares of the company’s stock, valued at approximately $859,000.

Other institutional investors also recently made changes to their positions in the company. Park Avenue Securities LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF during the third quarter valued at approximately $10,024,000. Patton Albertson Miller Group LLC bought a new stake in Invesco Variable Rate Preferred ETF during the third quarter worth approximately $217,000. Westover Capital Advisors LLC bought a new stake in Invesco Variable Rate Preferred ETF during the third quarter worth approximately $9,867,000. Sigma Planning Corp bought a new stake in Invesco Variable Rate Preferred ETF during the third quarter worth approximately $265,000. Finally, Citizens Financial Group Inc. RI bought a new stake in Invesco Variable Rate Preferred ETF during the third quarter worth approximately $357,000.

Invesco Variable Rate Preferred ETF Stock Performance

VRP opened at $23.62 on Wednesday. Invesco Variable Rate Preferred ETF has a 1-year low of $23.47 and a 1-year high of $24.68. The business has a 50 day moving average price of $23.84 and a two-hundred day moving average price of $24.19.

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.