D.A. Davidson & CO. Grows Stock Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

D.A. Davidson & CO. boosted its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 6.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,568 shares of the company’s stock after acquiring an additional 2,325 shares during the period. D.A. Davidson & CO.’s holdings in Invesco Variable Rate Preferred ETF were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 4.8% in the third quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock valued at $221,000 after acquiring an additional 415 shares in the last quarter. Truist Financial Corp boosted its stake in shares of 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 worth $426,000 after purchasing an additional 421 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 3.9% during 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 raised its position in shares of Invesco Variable Rate Preferred ETF by 2.0% in the third quarter. MFA Wealth Advisors LLC now owns 22,976 shares of the company’s stock valued at $562,000 after buying an additional 461 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of Invesco Variable Rate Preferred ETF by 2.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 24,188 shares of the company’s stock valued at $580,000 after buying an additional 481 shares during the period.

Invesco Variable Rate Preferred ETF Stock Up 0.5 %

VRP stock opened at $24.52 on Monday. The company has a 50 day moving average price of $24.45 and a two-hundred day moving average price of $24.19. Invesco Variable Rate Preferred ETF has a one year low of $22.51 and a one year high of $24.67.

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.