930,732 Shares in Invesco Variable Rate Preferred ETF $VRP Purchased by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 930,732 shares of the company’s stock, valued at approximately $22,654,000. Invesco Variable Rate Preferred ETF comprises about 2.2% of Insight Wealth Strategies LLC’s investment portfolio, making the stock its 14th largest holding. Insight Wealth Strategies LLC owned 0.76% of Invesco Variable Rate Preferred ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter worth approximately $51,000. Private Trust Co. NA boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 165.2% in the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock valued at $54,000 after buying an additional 1,376 shares during the last quarter. LFA Lugano Financial Advisors SA boosted its holdings 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 valued at $123,000 after buying an additional 2,927 shares during the last quarter. Luken Investment Analytics LLC bought a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at $135,000. Finally, Ascentis Independent Advisors bought a new position in shares of Invesco Variable Rate Preferred ETF in the first quarter valued at $141,000.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP opened at $24.20 on Wednesday. The company’s fifty day simple moving average is $24.30 and its 200 day simple moving average is $24.32. Invesco Variable Rate Preferred ETF has a 1-year low of $23.71 and a 1-year high of $24.93.

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.