Partners Wealth Management LLC Makes New Investment in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Partners Wealth Management LLC acquired a new stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 8,776 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Spectrum Asset Management Inc. boosted its holdings in Invesco Variable Rate Preferred ETF by 1,293.9% in the fourth quarter. Spectrum Asset Management Inc. now owns 863,487 shares of the company’s stock valued at $20,888,000 after acquiring an additional 801,539 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Invesco Variable Rate Preferred ETF by 814.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock valued at $13,128,000 after purchasing an additional 478,001 shares during the period. Ocean Park Asset Management LLC grew its position in shares of Invesco Variable Rate Preferred ETF by 54.1% during the 4th quarter. Ocean Park Asset Management LLC now owns 610,200 shares of the company’s stock worth $14,761,000 after buying an additional 214,300 shares during the period. HighTower Advisors LLC raised its stake in shares of Invesco Variable Rate Preferred ETF by 16.9% during the third quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock worth $20,909,000 after buying an additional 123,324 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Invesco Variable Rate Preferred ETF by 81.2% in the third quarter. Jane Street Group LLC now owns 220,367 shares of the company’s stock valued at $5,390,000 after buying an additional 98,725 shares during the period.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA VRP opened at $24.49 on Monday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.40 and a fifty-two week high of $24.67. The company’s 50 day simple moving average is $24.32 and its 200 day simple moving average is $24.36.

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.