Matthew Goff Investment Advisor LLC Invests $9.71 Million in Invesco Variable Rate Preferred ETF $VRP

Matthew Goff Investment Advisor LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 404,841 shares of the company’s stock, valued at approximately $9,708,000. Invesco Variable Rate Preferred ETF comprises approximately 1.6% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 21st biggest position. Matthew Goff Investment Advisor LLC owned about 0.40% of Invesco Variable Rate Preferred ETF at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VRP. International Assets Investment Management LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter worth approximately $51,000. Private Trust Co. NA increased its holdings in shares of Invesco Variable Rate Preferred ETF by 165.2% in the fourth quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock valued at $54,000 after purchasing an additional 1,376 shares during the period. LFA Lugano Financial Advisors SA raised its stake in shares of Invesco Variable Rate Preferred ETF by 136.8% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after purchasing an additional 2,927 shares during the last quarter. Luken Investment Analytics LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the fourth quarter worth approximately $135,000. Finally, Blueline Advisors LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the fourth quarter worth approximately $150,000.

Invesco Variable Rate Preferred ETF Stock Down 0.6%

Shares of NYSEARCA VRP opened at $24.28 on Tuesday. The stock has a fifty day moving average price of $24.34 and a 200 day moving average price of $24.35. 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.