Envestnet Portfolio Solutions Inc. Boosts Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Envestnet Portfolio Solutions Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 12.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 88,601 shares of the company’s stock after buying an additional 10,058 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $2,143,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Beta Wealth Group Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 0.8% during the fourth quarter. Beta Wealth Group Inc. now owns 49,330 shares of the company’s stock worth $1,193,000 after purchasing an additional 413 shares in the last quarter. Endowment Wealth Management Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 7.6% during the fourth quarter. Endowment Wealth Management Inc. now owns 11,120 shares of the company’s stock worth $269,000 after purchasing an additional 788 shares in the last quarter. Kovack Advisors Inc. lifted its position in Invesco Variable Rate Preferred ETF by 8.6% in the 4th quarter. Kovack Advisors Inc. now owns 11,235 shares of the company’s stock worth $272,000 after buying an additional 885 shares during the last quarter. Boyd Watterson Asset Management LLC OH bought a new stake in Invesco Variable Rate Preferred ETF in the 4th quarter worth approximately $27,000. Finally, Estate Counselors LLC lifted its position in Invesco Variable Rate Preferred ETF by 0.3% in the 3rd quarter. Estate Counselors LLC now owns 332,505 shares of the company’s stock worth $8,133,000 after buying an additional 1,110 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

NYSEARCA:VRP opened at $24.40 on Friday. The business has a 50 day moving average of $24.34 and a 200 day moving average of $24.39. Invesco Variable Rate Preferred ETF has a 1-year low of $23.40 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.