Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Acquired by Klingman & Associates LLC

Klingman & Associates LLC boosted its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,827 shares of the company’s stock after purchasing an additional 1,053 shares during the period. Klingman & Associates LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $643,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in VRP. BNP Paribas Financial Markets grew its stake in shares of Invesco Variable Rate Preferred ETF by 75,025.0% in the first quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock valued at $71,000 after buying an additional 3,001 shares in the last quarter. Vima LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $78,000. Key Financial Inc raised its stake in shares of Invesco Variable Rate Preferred ETF by 59.6% during the second quarter. Key Financial Inc now owns 3,370 shares of the company’s stock valued at $81,000 after purchasing an additional 1,259 shares during the period. Sound Income Strategies LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 33.4% during the first quarter. Sound Income Strategies LLC now owns 3,996 shares of the company’s stock worth $95,000 after purchasing an additional 1,000 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF in the second quarter valued at $140,000.

Invesco Variable Rate Preferred ETF Stock Up 0.2 %

VRP opened at $24.22 on Friday. Invesco Variable Rate Preferred ETF has a twelve month low of $21.60 and a twelve month high of $24.24. The company has a fifty day simple moving average of $24.01 and a 200 day simple moving average of $23.82.

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.