Private Advisor Group LLC Purchases 25,466 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Private Advisor Group LLC grew its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 20.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,174 shares of the company’s stock after purchasing an additional 25,466 shares during the quarter. Private Advisor Group LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $3,633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 4.2% during the fourth quarter. Global Retirement Partners LLC now owns 39,985 shares of the company’s stock worth $967,000 after purchasing an additional 1,612 shares during the period. Beta Wealth Group Inc. lifted its holdings in Invesco Variable Rate Preferred ETF by 0.8% during the 4th quarter. Beta Wealth Group Inc. now owns 49,330 shares of the company’s stock worth $1,193,000 after buying an additional 413 shares during the period. D.A. Davidson & CO. grew its position in shares of Invesco Variable Rate Preferred ETF by 7.0% in the 4th quarter. D.A. Davidson & CO. now owns 42,318 shares of the company’s stock valued at $1,024,000 after buying an additional 2,750 shares during the last quarter. Truist Financial Corp increased its stake in shares of Invesco Variable Rate Preferred ETF by 8.3% in the fourth quarter. Truist Financial Corp now owns 17,760 shares of the company’s stock valued at $430,000 after buying an additional 1,363 shares during the period. Finally, Burke & Herbert Bank & Trust Co. raised its position in shares of Invesco Variable Rate Preferred ETF by 4.7% during the fourth quarter. Burke & Herbert Bank & Trust Co. now owns 62,765 shares of the company’s stock worth $1,518,000 after acquiring an additional 2,800 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Invesco Variable Rate Preferred ETF stock opened at $24.49 on Monday. The stock’s 50 day moving average is $24.32 and its 200 day moving average is $24.36. Invesco Variable Rate Preferred ETF has a one year low of $23.40 and a one year high of $24.67.

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.