Waverly Advisors LLC Has $1.91 Million Stock Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Waverly Advisors LLC increased its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,165 shares of the company’s stock after buying an additional 1,410 shares during the quarter. Waverly Advisors LLC owned 0.12% of Invesco Variable Rate Preferred ETF worth $1,906,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VRP. Advisory Alpha LLC raised its stake in Invesco Variable Rate Preferred ETF by 5.4% in the 1st quarter. Advisory Alpha LLC now owns 1,952,413 shares of the company’s stock valued at $46,411,000 after acquiring an additional 100,897 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 111.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 456,791 shares of the company’s stock worth $10,858,000 after purchasing an additional 240,901 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Invesco Variable Rate Preferred ETF by 161.8% during the first quarter. Commonwealth Equity Services LLC now owns 449,304 shares of the company’s stock worth $10,680,000 after buying an additional 277,685 shares in the last quarter. Evolution Wealth Advisors LLC raised its position in Invesco Variable Rate Preferred ETF by 0.3% during the first quarter. Evolution Wealth Advisors LLC now owns 436,032 shares of the company’s stock valued at $10,364,000 after purchasing an additional 1,137 shares in the last quarter. Finally, Spectrum Asset Management Inc. raised its holdings in shares of Invesco Variable Rate Preferred ETF by 53.3% during the 4th quarter. Spectrum Asset Management Inc. now owns 362,656 shares of the company’s stock worth $8,033,000 after buying an additional 126,053 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of VRP opened at $23.96 on Wednesday. The business has a 50-day simple moving average of $23.94 and a two-hundred day simple moving average of $23.72. Invesco Variable Rate Preferred ETF has a 12-month low of $21.60 and a 12-month high of $24.24.

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.