Kovack Advisors Inc. Grows Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Kovack Advisors Inc. lifted its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 7.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,350 shares of the company’s stock after buying an additional 685 shares during the period. Kovack Advisors Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $253,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in shares of Invesco Variable Rate Preferred ETF by 75,025.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock worth $71,000 after purchasing an additional 3,001 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Invesco Variable Rate Preferred ETF by 15.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 27,366 shares of the company’s stock valued at $650,000 after buying an additional 3,757 shares in the last quarter. Patten & Patten Inc. TN bought a new position in shares of Invesco Variable Rate Preferred ETF in the first quarter valued at approximately $830,000. Resurgent Financial Advisors LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 100.3% in the first quarter. Resurgent Financial Advisors LLC now owns 26,790 shares of the company’s stock worth $637,000 after purchasing an additional 13,415 shares during the period. Finally, Waverly Advisors LLC increased its stake in Invesco Variable Rate Preferred ETF by 1.8% in the 1st quarter. Waverly Advisors LLC now owns 80,165 shares of the company’s stock worth $1,906,000 after acquiring an additional 1,410 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

VRP stock opened at $24.48 on Friday. The company’s 50 day moving average is $24.47 and its 200 day moving average is $24.13. Invesco Variable Rate Preferred ETF has a 1-year low of $22.36 and a 1-year high of $24.67.

About Invesco Variable Rate Preferred ETF

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.