Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) by 28.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 219,234 shares of the company’s stock after purchasing an additional 48,969 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco Variable Rate Preferred ETF were worth $5,334,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. Advisory Services Network LLC lifted its position in Invesco Variable Rate Preferred ETF by 1.4% during the third quarter. Advisory Services Network LLC now owns 33,782 shares of the company’s stock worth $834,000 after buying an additional 458 shares during the period. Corient Private Wealth LLC lifted its position in Invesco Variable Rate Preferred ETF by 1.4% during the second quarter. Corient Private Wealth LLC now owns 36,992 shares of the company’s stock worth $904,000 after buying an additional 520 shares during the period. Endowment Wealth Management Inc. lifted its position in Invesco Variable Rate Preferred ETF by 3.5% during the fourth quarter. Endowment Wealth Management Inc. now owns 16,481 shares of the company’s stock worth $401,000 after buying an additional 554 shares during the period. Pekin Hardy Strauss Inc. lifted its position in Invesco Variable Rate Preferred ETF by 2.2% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 30,335 shares of the company’s stock worth $738,000 after buying an additional 650 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its position in Invesco Variable Rate Preferred ETF by 7.8% during the third quarter. Stratos Wealth Partners LTD. now owns 9,567 shares of the company’s stock worth $236,000 after buying an additional 690 shares during the period.
Invesco Variable Rate Preferred ETF Trading Down 0.1%
NYSEARCA VRP opened at $24.35 on Thursday. The business’s 50-day moving average price is $24.26 and its 200 day moving average price is $24.36. Invesco Variable Rate Preferred ETF has a twelve month low of $23.71 and a twelve month 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.
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Want to see what other hedge funds are holding VRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report).
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