Dynamic Advisor Solutions LLC Purchases 9,409 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Dynamic Advisor Solutions LLC raised its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 108.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,101 shares of the company’s stock after acquiring an additional 9,409 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Alpha LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 2.9% in the 2nd quarter. Advisory Alpha LLC now owns 2,009,869 shares of the company’s stock valued at $48,158,000 after purchasing an additional 57,456 shares during the period. Stephens Inc. AR raised its position in shares of Invesco Variable Rate Preferred ETF by 0.4% during the third quarter. Stephens Inc. AR now owns 1,414,175 shares of the company’s stock valued at $34,591,000 after buying an additional 5,892 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF by 16.9% in the third quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock valued at $20,909,000 after buying an additional 123,324 shares during the period. Benjamin Edwards Inc. grew its position in Invesco Variable Rate Preferred ETF by 814.2% during the third quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock worth $13,128,000 after buying an additional 478,001 shares in the last quarter. Finally, Evolution Wealth Advisors LLC increased its stake in Invesco Variable Rate Preferred ETF by 1.8% during the fourth quarter. Evolution Wealth Advisors LLC now owns 460,612 shares of the company’s stock valued at $11,142,000 after acquiring an additional 8,318 shares during the period.

Invesco Variable Rate Preferred ETF Trading Up 0.1 %

Shares of VRP stock opened at $24.30 on Tuesday. Invesco Variable Rate Preferred ETF has a 12 month low of $23.32 and a 12 month high of $24.67. The stock has a 50 day moving average of $24.33 and a two-hundred day moving average of $24.30.

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.