Northwest Wealth Management LLC Sells 739 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Northwest Wealth Management LLC reduced its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 59,043 shares of the company’s stock after selling 739 shares during the period. Northwest Wealth Management LLC owned approximately 0.09% of Invesco Variable Rate Preferred ETF worth $1,428,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of VRP. Boyd Watterson Asset Management LLC OH acquired a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter worth approximately $27,000. PNC Financial Services Group Inc. raised its holdings in Invesco Variable Rate Preferred ETF by 130.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,794 shares of the company’s stock worth $116,000 after buying an additional 2,714 shares during the period. Coastline Trust Co acquired a new stake in Invesco Variable Rate Preferred ETF during the 3rd quarter worth approximately $142,000. Zhang Financial LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter worth approximately $202,000. Finally, Partners Wealth Management LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter worth approximately $212,000.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP stock opened at $24.21 on Friday. The company’s 50 day moving average price is $24.33 and its two-hundred day moving average price is $24.38. Invesco Variable Rate Preferred ETF has a 52 week low of $23.40 and a 52 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.