New Millennium Group LLC Acquires Shares of 66,814 Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

New Millennium Group LLC bought a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 66,814 shares of the company’s stock, valued at approximately $1,634,000. Invesco Variable Rate Preferred ETF comprises approximately 1.1% of New Millennium Group LLC’s investment portfolio, making the stock its 24th biggest holding. New Millennium Group LLC owned 0.10% of Invesco Variable Rate Preferred ETF at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VRP. BNP Paribas Financial Markets grew its stake in 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 worth $71,000 after purchasing an additional 3,001 shares in the last quarter. Waverly Advisors LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 1.8% during the first quarter. Waverly Advisors LLC now owns 80,165 shares of the company’s stock valued at $1,906,000 after buying an additional 1,410 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Invesco Variable Rate Preferred ETF by 19.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 23,707 shares of the company’s stock valued at $530,000 after buying an additional 3,778 shares during the period. Tidal Investments LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 8.9% in the first quarter. Tidal Investments LLC now owns 74,798 shares of the company’s stock valued at $1,778,000 after acquiring an additional 6,142 shares in the last quarter. Finally, Comerica Bank lifted its stake in Invesco Variable Rate Preferred ETF by 45.1% in the first quarter. Comerica Bank now owns 51,690 shares of the company’s stock worth $1,229,000 after acquiring an additional 16,069 shares during the period.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA VRP opened at $24.35 on Tuesday. Invesco Variable Rate Preferred ETF has a one year low of $22.36 and a one year high of $24.67. The company’s 50-day simple moving average is $24.47 and its two-hundred day simple moving average is $24.15.

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.