Meridian Wealth Management LLC Acquires 13,869 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Meridian Wealth Management LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 7.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,303 shares of the company’s stock after purchasing an additional 13,869 shares during the period. Meridian Wealth Management LLC owned about 0.31% of Invesco Variable Rate Preferred ETF worth $5,193,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VRP. BNP Paribas Financial Markets raised its stake in Invesco Variable Rate Preferred ETF by 75,025.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock valued at $71,000 after acquiring an additional 3,001 shares during the period. Waverly Advisors LLC raised 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 valued at $1,906,000 after acquiring an additional 1,410 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in Invesco Variable Rate Preferred ETF by 19.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 23,707 shares of the company’s stock valued at $530,000 after acquiring an additional 3,778 shares during the period. Tidal Investments LLC raised its stake in Invesco Variable Rate Preferred ETF by 8.9% in the 1st quarter. Tidal Investments LLC now owns 74,798 shares of the company’s stock valued at $1,778,000 after acquiring an additional 6,142 shares during the period. Finally, Comerica Bank raised its stake in Invesco Variable Rate Preferred ETF by 45.1% in the 1st quarter. Comerica Bank now owns 51,690 shares of the company’s stock valued at $1,229,000 after acquiring an additional 16,069 shares during the period.

Invesco Variable Rate Preferred ETF Price Performance

Shares of NYSEARCA VRP opened at $24.34 on Friday. Invesco Variable Rate Preferred ETF has a 12 month low of $22.36 and a 12 month high of $24.67. The business has a 50-day moving average of $24.47 and a 200-day moving average of $24.16.

Invesco Variable Rate Preferred ETF Profile

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.