Redwood Financial Network Corp Buys Shares of 20,473 Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Redwood Financial Network Corp bought a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRPFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,473 shares of the company’s stock, valued at approximately $458,000.

A number of other institutional investors and hedge funds have also modified their holdings of VRP. Captrust Financial Advisors increased its stake in shares of Invesco Variable Rate Preferred ETF by 1,818.0% during the second quarter. Captrust Financial Advisors now owns 1,918 shares of the company’s stock worth $43,000 after purchasing an additional 1,818 shares in the last quarter. Worth Asset Management LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the first quarter worth about $54,000. Meitav Investment House Ltd. purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the second quarter worth about $55,000. Retirement Group LLC boosted its position in Invesco Variable Rate Preferred ETF by 6.9% during the second quarter. Retirement Group LLC now owns 8,214 shares of the company’s stock worth $183,000 after acquiring an additional 533 shares during the last quarter. Finally, Petix & Botte Co acquired a new position in Invesco Variable Rate Preferred ETF during the second quarter worth about $205,000.

Invesco Variable Rate Preferred ETF Stock Performance

VRP traded down $0.04 on Monday, reaching $23.48. 76,194 shares of the company’s stock were exchanged, compared to its average volume of 365,173. Invesco Variable Rate Preferred ETF has a twelve month low of $20.88 and a twelve month high of $23.70. The stock’s fifty day moving average price is $23.08 and its 200-day moving average price is $22.61.

Invesco Variable Rate Preferred ETF Profile

(Free Report)

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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Institutional Ownership by Quarter for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

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