Advisory Resource Group boosted its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 65,103 shares of the company’s stock after purchasing an additional 2,228 shares during the period. Advisory Resource Group’s holdings in Invesco Variable Rate Preferred ETF were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Truist Financial Corp raised its holdings in Invesco Variable Rate Preferred ETF by 2.4% during the 2nd quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock valued at $426,000 after acquiring an additional 421 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in Invesco Variable Rate Preferred ETF during the 3rd quarter valued at $213,000. CWM LLC raised its holdings in Invesco Variable Rate Preferred ETF by 14.4% during the 3rd quarter. CWM LLC now owns 31,991 shares of the company’s stock valued at $783,000 after acquiring an additional 4,038 shares during the period. Elmwood Wealth Management Inc. raised its holdings in Invesco Variable Rate Preferred ETF by 14.5% during the 3rd quarter. Elmwood Wealth Management Inc. now owns 149,322 shares of the company’s stock valued at $3,652,000 after acquiring an additional 18,853 shares during the period. Finally, Addison Capital Co raised its holdings in Invesco Variable Rate Preferred ETF by 4.2% during the 3rd quarter. Addison Capital Co now owns 84,976 shares of the company’s stock valued at $2,079,000 after acquiring an additional 3,405 shares during the period.
Invesco Variable Rate Preferred ETF Price Performance
Shares of VRP stock opened at $24.39 on Friday. The company’s fifty day simple moving average is $24.32 and its two-hundred day simple moving average is $24.31. Invesco Variable Rate Preferred ETF has a 1 year low of $23.32 and a 1 year high of $24.67.
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.
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