Blue Water Asset Management bought a new stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 279,089 shares of the company’s stock, valued at approximately $6,790,000. Invesco Variable Rate Preferred ETF makes up 2.4% of Blue Water Asset Management’s holdings, making the stock its 12th largest holding.
Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $51,000. Private Trust Co. NA increased its stake in Invesco Variable Rate Preferred ETF by 165.2% during the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock valued at $54,000 after buying an additional 1,376 shares during the period. LFA Lugano Financial Advisors SA increased its stake in Invesco Variable Rate Preferred ETF by 136.8% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock valued at $123,000 after buying an additional 2,927 shares during the period. Luken Investment Analytics LLC acquired a new position in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $135,000. Finally, Advisors Preferred LLC increased its stake in Invesco Variable Rate Preferred ETF by 296.9% during the 3rd quarter. Advisors Preferred LLC now owns 6,612 shares of the company’s stock valued at $164,000 after buying an additional 4,946 shares during the period.
Invesco Variable Rate Preferred ETF Price Performance
Invesco Variable Rate Preferred ETF stock opened at $24.31 on Friday. The company’s 50-day moving average price is $24.24 and its two-hundred day moving average price is $24.39. Invesco Variable Rate Preferred ETF has a 52 week low of $23.71 and a 52 week high of $24.93.
Invesco Variable Rate Preferred ETF 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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