Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lowered its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,469 shares of the company’s stock after selling 753 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $378,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake 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 worth $71,000 after buying an additional 3,001 shares during the last quarter. Key Financial Inc increased its position in shares of Invesco Variable Rate Preferred ETF by 59.6% in the 2nd quarter. Key Financial Inc now owns 3,370 shares of the company’s stock worth $81,000 after purchasing an additional 1,259 shares during the last quarter. ORG Partners LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 2nd quarter worth about $140,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the 3rd quarter valued at about $213,000. Finally, Proficio Capital Partners LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 4.8% during the third quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock worth $221,000 after purchasing an additional 415 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.48 on Friday. The business has a 50-day moving average price of $24.47 and a 200 day moving average price of $24.13. Invesco Variable Rate Preferred ETF has a fifty-two week low of $22.36 and a fifty-two week high of $24.67.

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.