Elmwood Wealth Management Inc. Grows Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Elmwood Wealth Management Inc. boosted its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 152,510 shares of the company’s stock after acquiring an additional 3,188 shares during the quarter. Invesco Variable Rate Preferred ETF comprises about 1.5% of Elmwood Wealth Management Inc.’s portfolio, making the stock its 19th largest position. Elmwood Wealth Management Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $3,689,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VRP. Coastline Trust Co acquired a new position in shares of Invesco Variable Rate Preferred ETF during the third quarter worth $142,000. Dynamic Advisor Solutions LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the third quarter valued at $213,000. Proficio Capital Partners LLC raised its holdings in Invesco Variable Rate Preferred ETF by 4.8% in the third quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock valued at $221,000 after acquiring an additional 415 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in Invesco Variable Rate Preferred ETF in the third quarter valued at $225,000. Finally, International Assets Investment Management LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the fourth quarter valued at $235,000.

Invesco Variable Rate Preferred ETF Stock Down 0.3 %

Shares of NYSEARCA:VRP traded down $0.07 on Monday, reaching $24.08. 497,711 shares of the company’s stock were exchanged, compared to its average volume of 577,679. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.20 and a fifty-two week high of $24.67. The business’s 50-day moving average is $24.38 and its two-hundred day moving average is $24.28.

About Invesco Variable Rate Preferred ETF

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.