Independent Financial Group LLC Acquires New Shares in Invesco Variable Rate Preferred ETF $VRP

Independent Financial Group LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 126,143 shares of the company’s stock, valued at approximately $3,025,000. Independent Financial Group LLC owned about 0.12% of Invesco Variable Rate Preferred ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of VRP. International Assets Investment Management LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at $51,000. Private Trust Co. NA raised its stake in shares of Invesco Variable Rate Preferred ETF by 165.2% during the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock worth $54,000 after buying an additional 1,376 shares during the last quarter. LFA Lugano Financial Advisors SA boosted its position in shares of Invesco Variable Rate Preferred ETF by 136.8% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after buying an additional 2,927 shares in the last quarter. Luken Investment Analytics LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter worth about $135,000. Finally, Ascentis Independent Advisors purchased a new position in Invesco Variable Rate Preferred ETF during the 1st quarter valued at about $141,000.

Invesco Variable Rate Preferred ETF Stock Performance

NYSEARCA:VRP opened at $24.38 on Friday. The firm has a 50-day moving average price of $24.34 and a two-hundred day moving average price of $24.34. Invesco Variable Rate Preferred ETF has a twelve month low of $23.71 and a twelve month high of $24.93.

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.