Valley Wealth Managers Inc. Sells 2,545 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Valley Wealth Managers Inc. lessened its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 12.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,405 shares of the company’s stock after selling 2,545 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $414,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. J. W. Coons Advisors LLC grew its stake in Invesco Variable Rate Preferred ETF by 2.8% in the 4th quarter. J. W. Coons Advisors LLC now owns 28,465 shares of the company’s stock valued at $657,000 after buying an additional 780 shares in the last quarter. Sound Income Strategies LLC grew its stake in Invesco Variable Rate Preferred ETF by 33.4% in the 1st quarter. Sound Income Strategies LLC now owns 3,996 shares of the company’s stock valued at $95,000 after buying an additional 1,000 shares in the last quarter. BTS Asset Management Inc. grew its stake in Invesco Variable Rate Preferred ETF by 7.0% in the 1st quarter. BTS Asset Management Inc. now owns 15,337 shares of the company’s stock valued at $365,000 after buying an additional 1,007 shares in the last quarter. Evolution Wealth Advisors LLC grew its stake in Invesco Variable Rate Preferred ETF by 0.3% in the 1st quarter. Evolution Wealth Advisors LLC now owns 436,032 shares of the company’s stock valued at $10,364,000 after buying an additional 1,137 shares in the last quarter. Finally, Retirement Group LLC grew its stake in Invesco Variable Rate Preferred ETF by 14.5% in the 1st quarter. Retirement Group LLC now owns 9,179 shares of the company’s stock valued at $218,000 after buying an additional 1,164 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Up 0.5 %

Invesco Variable Rate Preferred ETF stock traded up $0.12 during mid-day trading on Thursday, reaching $24.15. The company’s stock had a trading volume of 367,779 shares, compared to its average volume of 374,248. Invesco Variable Rate Preferred ETF has a 12-month low of $21.60 and a 12-month high of $24.16. The firm’s fifty day moving average price is $23.89 and its two-hundred day moving average price is $23.63.

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.