HighTower Advisors LLC increased its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) by 11.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 953,200 shares of the company’s stock after buying an additional 98,336 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $23,058,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of VRP. Beta Wealth Group Inc. lifted its stake in shares of Invesco Variable Rate Preferred ETF by 0.8% in the 4th quarter. Beta Wealth Group Inc. now owns 49,330 shares of the company’s stock worth $1,193,000 after acquiring an additional 413 shares during the period. Kovack Advisors Inc. raised its holdings in Invesco Variable Rate Preferred ETF by 7.1% during the third quarter. Kovack Advisors Inc. now owns 10,350 shares of the company’s stock worth $253,000 after purchasing an additional 685 shares in the last quarter. Endowment Wealth Management Inc. boosted its stake in Invesco Variable Rate Preferred ETF by 7.6% during the 4th quarter. Endowment Wealth Management Inc. now owns 11,120 shares of the company’s stock valued at $269,000 after purchasing an additional 788 shares in the last quarter. J. W. Coons Advisors LLC boosted its stake in Invesco Variable Rate Preferred ETF by 3.6% during the 3rd quarter. J. W. Coons Advisors LLC now owns 29,340 shares of the company’s stock valued at $718,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new position in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at $27,000.
Invesco Variable Rate Preferred ETF Stock Performance
Shares of Invesco Variable Rate Preferred ETF stock opened at $24.25 on Friday. The business has a fifty day simple moving average of $24.33 and a 200-day simple moving average of $24.38. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.40 and a fifty-two week 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.
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Want to see what other hedge funds are holding VRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report).
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