Ocean Park Asset Management LLC Has $14.76 Million Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Ocean Park Asset Management LLC raised its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 54.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 610,200 shares of the company’s stock after acquiring an additional 214,300 shares during the quarter. Ocean Park Asset Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $14,761,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Stephens Inc. AR lifted its stake in Invesco Variable Rate Preferred ETF by 1.3% in the 4th quarter. Stephens Inc. AR now owns 1,431,932 shares of the company’s stock valued at $34,638,000 after purchasing an additional 17,757 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 16.9% during the third quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock worth $20,909,000 after buying an additional 123,324 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Invesco Variable Rate Preferred ETF by 814.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock valued at $13,128,000 after acquiring an additional 478,001 shares during the last quarter. Evolution Wealth Advisors LLC boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 1.8% during the 4th 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 in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its position in Invesco Variable Rate Preferred ETF by 2.7% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 442,678 shares of the company’s stock worth $10,828,000 after acquiring an additional 11,612 shares during the last quarter.

Invesco Variable Rate Preferred ETF Trading Up 0.2 %

Invesco Variable Rate Preferred ETF stock opened at $24.44 on Tuesday. The stock has a 50-day moving average price of $24.32 and a two-hundred day moving average price of $24.32. Invesco Variable Rate Preferred ETF has a 12 month low of $23.37 and a 12 month 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.