Ausdal Financial Partners Inc. Increases Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Ausdal Financial Partners Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 0.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 55,842 shares of the company’s stock after acquiring an additional 482 shares during the period. Ausdal Financial Partners Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $1,338,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in Invesco Variable Rate Preferred ETF during the fourth quarter valued at $210,000. Oppenheimer & Co. Inc. grew its position in Invesco Variable Rate Preferred ETF by 5.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 29,256 shares of the company’s stock valued at $695,000 after purchasing an additional 1,418 shares during the last quarter. Advisory Services Network LLC increased its stake in Invesco Variable Rate Preferred ETF by 3.3% during the 4th quarter. Advisory Services Network LLC now owns 45,457 shares of the company’s stock valued at $1,049,000 after purchasing an additional 1,437 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Invesco Variable Rate Preferred ETF by 51.2% in the fourth quarter. Corient Private Wealth LLC now owns 46,946 shares of the company’s stock worth $1,084,000 after buying an additional 15,887 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF by 45.2% in the first quarter. Park Avenue Securities LLC now owns 67,231 shares of the company’s stock worth $1,598,000 after buying an additional 20,944 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of VRP opened at $24.37 on Monday. Invesco Variable Rate Preferred ETF has a twelve month low of $21.60 and a twelve month high of $24.37. The firm has a 50 day moving average of $24.05 and a 200 day moving average of $23.85.

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.