Power Wealth Management LLC purchased a new position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 83,326 shares of the company’s stock, valued at approximately $2,026,000. Invesco Variable Rate Preferred ETF makes up approximately 0.7% of Power Wealth Management LLC’s holdings, making the stock its 21st largest holding. Power Wealth Management LLC owned approximately 0.07% of Invesco Variable Rate Preferred ETF at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at $51,000. Luken Investment Analytics LLC purchased a new position in Invesco Variable Rate Preferred ETF in the fourth quarter worth $135,000. Ascentis Independent Advisors purchased a new position in Invesco Variable Rate Preferred ETF in the first quarter worth $141,000. Blueline Advisors LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter valued at $150,000. Finally, Blair William & Co. IL grew its position in Invesco Variable Rate Preferred ETF by 7.7% during the 4th quarter. Blair William & Co. IL now owns 6,986 shares of the company’s stock worth $170,000 after acquiring an additional 501 shares during the last quarter.
Invesco Variable Rate Preferred ETF Trading Up 0.0%
NYSEARCA:VRP opened at $24.13 on Friday. Invesco Variable Rate Preferred ETF has a 52 week low of $23.71 and a 52 week high of $24.93. The company has a fifty day moving average of $24.23 and a 200 day moving average of $24.28.
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.
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