32,035 Shares of Invesco Variable Rate Preferred ETF $VRP Purchased by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. acquired a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 32,035 shares of the company’s stock, valued at approximately $760,000.

Other hedge funds also recently bought and sold shares of the company. Atwood & Palmer Inc. acquired a new position in shares of Invesco Variable Rate Preferred ETF in the third quarter worth about $43,000. International Assets Investment Management LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 51.4% during the first 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 period. Ascentis Independent Advisors acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the first quarter valued at approximately $141,000. Coastline Trust Co purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the 3rd quarter valued at approximately $154,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the 3rd quarter valued at approximately $161,000.

Invesco Variable Rate Preferred ETF Trading Up 0.3%

NYSEARCA VRP traded up $0.06 on Friday, hitting $23.70. 1,251,272 shares of the stock were exchanged, compared to its average volume of 649,254. The company’s 50-day moving average price is $23.81 and its two-hundred day moving average price is $24.18. Invesco Variable Rate Preferred ETF has a 52-week low of $23.47 and a 52-week high of $24.68.

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.