Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Holdings Lifted by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC grew its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 16.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 81,541 shares of the company’s stock after buying an additional 11,798 shares during the period. Transcend Capital Advisors LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 75,025.0% in the first 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 in the last quarter. Vima LLC bought a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $78,000. Sound Income Strategies LLC boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 33.4% in the first quarter. Sound Income Strategies LLC now owns 3,996 shares of the company’s stock valued at $95,000 after acquiring an additional 1,000 shares in the last quarter. MGB Wealth Management LLC boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 19.6% in the first quarter. MGB Wealth Management LLC now owns 7,937 shares of the company’s stock valued at $189,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 99.3% in the fourth quarter. Fifth Third Bancorp now owns 8,700 shares of the company’s stock valued at $201,000 after acquiring an additional 4,335 shares in the last quarter.

Invesco Variable Rate Preferred ETF Trading Down 0.6 %

Shares of Invesco Variable Rate Preferred ETF stock traded down $0.15 on Friday, hitting $23.76. The company had a trading volume of 1,607,244 shares, compared to its average volume of 397,649. The business has a 50-day simple moving average of $23.95 and a 200-day simple moving average of $23.73. Invesco Variable Rate Preferred ETF has a 52 week low of $21.60 and a 52 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.