RPg Family Wealth Advisory LLC Has $3.59 Million Stock Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

RPg Family Wealth Advisory LLC increased its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 694.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,466 shares of the company’s stock after buying an additional 129,775 shares during the period. Invesco Variable Rate Preferred ETF accounts for approximately 1.3% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 27th biggest holding. RPg Family Wealth Advisory LLC owned about 0.22% of Invesco Variable Rate Preferred ETF worth $3,591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boyd Watterson Asset Management LLC OH acquired a new position in Invesco Variable Rate Preferred ETF during the 4th quarter worth about $27,000. PNC Financial Services Group Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 130.5% during the fourth 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 last quarter. Coastline Trust Co acquired a new position in Invesco Variable Rate Preferred ETF in the third quarter valued at approximately $142,000. Zhang Financial LLC bought a new position in Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $202,000. Finally, Partners Wealth Management LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter worth $212,000.

Invesco Variable Rate Preferred ETF Trading Down 0.2 %

NYSEARCA VRP opened at $24.21 on Friday. The stock has a 50-day simple moving average of $24.33 and a 200 day simple moving average of $24.38. Invesco Variable Rate Preferred ETF has a 12 month low of $23.40 and a 12 month high of $24.67.

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.