Pinnacle Wealth Management Advisory Group LLC Lowers Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Pinnacle Wealth Management Advisory Group LLC lessened its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 19,549 shares of the company’s stock after selling 579 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $451,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in shares of Invesco Variable Rate Preferred ETF by 127.8% during the third quarter. Envestnet Asset Management Inc. now owns 536,208 shares of the company’s stock worth $11,995,000 after purchasing an additional 300,826 shares in the last quarter. Park Avenue Securities LLC increased its stake in Invesco Variable Rate Preferred ETF by 6.6% in the third quarter. Park Avenue Securities LLC now owns 40,878 shares of the company’s stock valued at $914,000 after purchasing an additional 2,526 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF during the fourth quarter worth about $69,000. Advisory Alpha LLC increased its position in Invesco Variable Rate Preferred ETF by 1.8% in the 4th quarter. Advisory Alpha LLC now owns 1,851,516 shares of the company’s stock valued at $42,735,000 after acquiring an additional 32,876 shares during the period. Finally, NewEdge Wealth LLC raised its stake in Invesco Variable Rate Preferred ETF by 1.1% during the 3rd quarter. NewEdge Wealth LLC now owns 173,213 shares of the company’s stock valued at $3,875,000 after acquiring an additional 1,933 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Down 0.5 %

Shares of VRP stock traded down $0.12 during mid-day trading on Thursday, hitting $23.84. The stock had a trading volume of 167,745 shares, compared to its average volume of 359,230. Invesco Variable Rate Preferred ETF has a fifty-two week low of $21.56 and a fifty-two week high of $23.96. The company’s 50-day simple moving average is $23.66 and its 200-day simple moving average is $23.17.

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.