Janney Montgomery Scott LLC Purchases 52,552 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Janney Montgomery Scott LLC increased its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 28.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 239,311 shares of the company’s stock after buying an additional 52,552 shares during the period. Janney Montgomery Scott LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $5,854,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VRP. Truist Financial Corp raised its stake 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 purchasing an additional 421 shares during the period. Thoroughbred Financial Services LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 3.9% in the second quarter. Thoroughbred Financial Services LLC now owns 11,533 shares of the company’s stock worth $276,000 after buying an additional 435 shares in the last quarter. MFA Wealth Advisors LLC increased its holdings in Invesco Variable Rate Preferred ETF by 2.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 22,976 shares of the company’s stock valued at $562,000 after acquiring an additional 461 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Invesco Variable Rate Preferred ETF by 2.0% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 24,188 shares of the company’s stock worth $580,000 after purchasing an additional 481 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 0.9% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 55,842 shares of the company’s stock valued at $1,338,000 after purchasing an additional 482 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Up 0.5 %

Shares of VRP stock opened at $24.55 on Friday. Invesco Variable Rate Preferred ETF has a 12-month low of $22.17 and a 12-month high of $24.67. The stock’s 50-day moving average price is $24.45 and its 200-day moving average price is $24.11.

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.