Private Advisor Group LLC Purchases 25,466 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Private Advisor Group LLC increased its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 150,174 shares of the company’s stock after buying an additional 25,466 shares during the quarter. Private Advisor Group LLC owned 0.22% of Invesco Variable Rate Preferred ETF worth $3,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRP. Stephens Inc. AR boosted its position in Invesco Variable Rate Preferred ETF by 1.3% during the 4th quarter. Stephens Inc. AR now owns 1,431,932 shares of the company’s stock worth $34,638,000 after acquiring an additional 17,757 shares during the last quarter. Spectrum Asset Management Inc. boosted its holdings in Invesco Variable Rate Preferred ETF by 1,293.9% during the fourth quarter. Spectrum Asset Management Inc. now owns 863,487 shares of the company’s stock worth $20,888,000 after purchasing an additional 801,539 shares during the last quarter. HighTower Advisors LLC grew its position in Invesco Variable Rate Preferred ETF by 16.9% in the third quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock valued at $20,909,000 after purchasing an additional 123,324 shares in the last quarter. Ocean Park Asset Management LLC grew its position in Invesco Variable Rate Preferred ETF by 54.1% in the fourth quarter. Ocean Park Asset Management LLC now owns 610,200 shares of the company’s stock valued at $14,761,000 after purchasing an additional 214,300 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its stake in Invesco Variable Rate Preferred ETF by 814.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock valued at $13,128,000 after buying an additional 478,001 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.49 on Monday. Invesco Variable Rate Preferred ETF has a 12-month low of $23.40 and a 12-month high of $24.67. The business’s 50 day moving average is $24.32 and its 200-day moving average is $24.36.

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.