Invesco Variable Rate Preferred ETF $VRP Shares Acquired by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 16.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 324,211 shares of the company’s stock after acquiring an additional 46,223 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $7,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Spectrum Asset Management Inc. boosted its holdings in Invesco Variable Rate Preferred ETF by 798.8% in the fourth quarter. Spectrum Asset Management Inc. now owns 564,181 shares of the company’s stock valued at $13,727,000 after purchasing an additional 501,409 shares during the period. Bank of America Corp DE increased its holdings in Invesco Variable Rate Preferred ETF by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 8,491,380 shares of the company’s stock worth $209,737,000 after purchasing an additional 497,911 shares during the period. Matthew Goff Investment Advisor LLC purchased a new stake in Invesco Variable Rate Preferred ETF during the 1st quarter worth about $9,708,000. LPL Financial LLC raised its position in Invesco Variable Rate Preferred ETF by 17.8% in the 4th quarter. LPL Financial LLC now owns 2,652,479 shares of the company’s stock valued at $64,535,000 after purchasing an additional 399,914 shares in the last quarter. Finally, Cordoba Advisory Partners LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the 4th quarter valued at about $9,066,000.

Invesco Variable Rate Preferred ETF Trading Down 0.1%

Shares of VRP opened at $24.20 on Wednesday. The stock has a 50-day simple moving average of $24.30 and a 200-day simple moving average of $24.32. Invesco Variable Rate Preferred ETF has a 1 year low of $23.71 and a 1 year high of $24.93.

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.