Atria Investments Inc Has $2.95 Million Stock Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Atria Investments Inc lifted its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 4.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 124,184 shares of the company’s stock after purchasing an additional 5,642 shares during the quarter. Atria Investments Inc owned 0.18% of Invesco Variable Rate Preferred ETF worth $2,952,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Synergy Asset Management LLC purchased a new stake in Invesco Variable Rate Preferred ETF in the 1st quarter worth about $7,554,000. Commonwealth Equity Services LLC raised its stake in shares of Invesco Variable Rate Preferred ETF by 161.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 449,304 shares of the company’s stock worth $10,680,000 after purchasing an additional 277,685 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased 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 valued at $10,858,000 after acquiring an additional 240,901 shares during the last quarter. Graypoint LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 1,400.6% during the 4th quarter. Graypoint LLC now owns 249,285 shares of the company’s stock valued at $5,753,000 after acquiring an additional 232,673 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $2,914,000.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA VRP traded down $0.15 during mid-day trading on Friday, reaching $23.76. 1,607,244 shares of the company traded hands, compared to its average volume of 397,649. The company’s fifty day moving average is $23.95 and its two-hundred day moving average is $23.73. Invesco Variable Rate Preferred ETF has a fifty-two week low of $21.60 and a fifty-two week 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.