NewEdge Advisors LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,155 shares of the company’s stock, valued at approximately $342,000.
Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in Invesco Variable Rate Preferred ETF by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 24,078 shares of the company’s stock valued at $582,000 after acquiring an additional 1,446 shares during the period. Principal Financial Group Inc. purchased a new position in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $498,000. Truist Financial Corp boosted its holdings in Invesco Variable Rate Preferred ETF by 8.3% during the 4th quarter. Truist Financial Corp now owns 17,760 shares of the company’s stock valued at $430,000 after acquiring an additional 1,363 shares during the period. Harbour Investments Inc. boosted its holdings in Invesco Variable Rate Preferred ETF by 238.7% during the 4th quarter. Harbour Investments Inc. now owns 2,838 shares of the company’s stock valued at $69,000 after acquiring an additional 2,000 shares during the period. Finally, Financial Counselors Inc. boosted its holdings in Invesco Variable Rate Preferred ETF by 3.8% during the 4th quarter. Financial Counselors Inc. now owns 45,386 shares of the company’s stock valued at $1,098,000 after acquiring an additional 1,674 shares during the period.
Invesco Variable Rate Preferred ETF Stock Performance
Shares of Invesco Variable Rate Preferred ETF stock opened at $23.95 on Wednesday. The business has a 50-day moving average of $24.08 and a 200 day moving average of $24.28. Invesco Variable Rate Preferred ETF has a 12 month low of $23.03 and a 12 month high of $24.67.
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.
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