Oppenheimer & Co. Inc. acquired a new stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 36,211 shares of the company’s stock, valued at approximately $859,000.
Several other large investors also recently made changes to their positions in VRP. Insight Wealth Strategies LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 2nd quarter worth approximately $22,654,000. Park Avenue Securities LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the third quarter valued at approximately $10,024,000. Sanctuary Advisors LLC lifted its stake in Invesco Variable Rate Preferred ETF by 6.5% during the first quarter. Sanctuary Advisors LLC now owns 417,981 shares of the company’s stock valued at $10,023,000 after purchasing an additional 25,629 shares during the last quarter. Westover Capital Advisors LLC bought a new stake in Invesco Variable Rate Preferred ETF during the third quarter worth approximately $9,867,000. Finally, Avior Wealth Management LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 87.3% during the second quarter. Avior Wealth Management LLC now owns 351,681 shares of the company’s stock worth $8,549,000 after buying an additional 163,937 shares in the last quarter.
Invesco Variable Rate Preferred ETF Stock Performance
Invesco Variable Rate Preferred ETF stock opened at $23.62 on Wednesday. Invesco Variable Rate Preferred ETF has a 1 year low of $23.47 and a 1 year high of $24.68. The firm’s 50 day moving average price is $23.84 and its two-hundred day moving average price is $24.19.
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.
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