Apella Capital LLC Acquires New Position in Invesco Variable Rate Preferred ETF $VRP

Apella Capital LLC purchased a new position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 115,606 shares of the company’s stock, valued at approximately $2,822,000.

A number of other large investors also recently added to or reduced their stakes in the business. Matthew Goff Investment Advisor LLC purchased a new stake in Invesco Variable Rate Preferred ETF during the 1st quarter valued at approximately $9,708,000. Rockefeller Capital Management L.P. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 4.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 182,295 shares of the company’s stock valued at $4,435,000 after purchasing an additional 7,154 shares in the last quarter. World Investment Advisors purchased a new position in shares of Invesco Variable Rate Preferred ETF in the 4th quarter worth $396,000. Evolve Private Wealth LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter worth about $542,000. Finally, AQR Capital Management LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 11.9% in the 4th quarter. AQR Capital Management LLC now owns 22,611 shares of the company’s stock worth $550,000 after buying an additional 2,411 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA VRP opened at $24.30 on Friday. Invesco Variable Rate Preferred ETF has a 12-month low of $23.71 and a 12-month high of $24.93. The firm’s 50-day moving average price is $24.33 and its 200-day moving average price is $24.35.

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.