Park Avenue Securities LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 422,790 shares of the company’s stock, valued at approximately $10,024,000. Park Avenue Securities LLC owned 0.33% of Invesco Variable Rate Preferred ETF at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of VRP. Atwood & Palmer Inc. purchased a new position in shares of Invesco Variable Rate Preferred ETF during the third quarter valued at approximately $43,000. International Assets Investment Management LLC boosted its position in shares of Invesco Variable Rate Preferred ETF by 51.4% in the 1st quarter. International Assets Investment Management LLC now owns 3,180 shares of the company’s stock worth $77,000 after purchasing an additional 1,080 shares in the last quarter. Ascentis Independent Advisors bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 1st quarter worth approximately $141,000. Coastline Trust Co bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 3rd quarter worth approximately $154,000. Finally, Barrett & Company Inc. bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 3rd quarter worth approximately $161,000.
Invesco Variable Rate Preferred ETF Stock Performance
Invesco Variable Rate Preferred ETF stock opened at $23.62 on Wednesday. The stock’s 50 day moving average is $23.89 and its 200 day moving average is $24.21. Invesco Variable Rate Preferred ETF has a twelve month low of $23.47 and a twelve month high of $24.71.
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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