NewEdge Wealth LLC Has $4.50 Million Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

NewEdge Wealth LLC lifted its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 194,820 shares of the company’s stock after purchasing an additional 21,607 shares during the period. NewEdge Wealth LLC owned 0.30% of Invesco Variable Rate Preferred ETF worth $4,496,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Retirement Group LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 6.9% in the second quarter. Retirement Group LLC now owns 8,214 shares of the company’s stock valued at $183,000 after purchasing an additional 533 shares in the last quarter. Sowell Financial Services LLC grew its holdings in Invesco Variable Rate Preferred ETF by 1.7% during the 3rd quarter. Sowell Financial Services LLC now owns 31,581 shares of the company’s stock worth $706,000 after acquiring an additional 538 shares during the period. BTS Asset Management Inc. grew its holdings in Invesco Variable Rate Preferred ETF by 1.6% during the 1st quarter. BTS Asset Management Inc. now owns 34,321 shares of the company’s stock worth $839,000 after acquiring an additional 538 shares during the period. Private Advisor Group LLC grew its holdings in Invesco Variable Rate Preferred ETF by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 60,647 shares of the company’s stock worth $1,357,000 after acquiring an additional 605 shares during the period. Finally, Cooper Financial Group grew its holdings in Invesco Variable Rate Preferred ETF by 3.1% during the 3rd quarter. Cooper Financial Group now owns 22,956 shares of the company’s stock worth $514,000 after acquiring an additional 695 shares during the period.

Invesco Variable Rate Preferred ETF Trading Down 0.3 %

Shares of NYSEARCA VRP traded down $0.06 during midday trading on Friday, reaching $23.58. 231,587 shares of the stock were exchanged, compared to its average volume of 333,098. The business has a 50-day simple moving average of $23.62 and a two-hundred day simple moving average of $22.97. Invesco Variable Rate Preferred ETF has a 12 month low of $21.36 and a 12 month high of $23.87.

Invesco Variable Rate Preferred ETF Company 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.