Northwest Wealth Management LLC Trims Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Northwest Wealth Management LLC decreased its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 14.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 67,680 shares of the company’s stock after selling 11,674 shares during the period. Northwest Wealth Management LLC owned 0.10% of Invesco Variable Rate Preferred ETF worth $1,622,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in shares of Invesco Variable Rate Preferred ETF by 75,025.0% during the first quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock valued at $71,000 after buying an additional 3,001 shares during the period. Vima LLC bought a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter worth approximately $78,000. Key Financial Inc lifted its stake in Invesco Variable Rate Preferred ETF by 59.6% in the 2nd quarter. Key Financial Inc now owns 3,370 shares of the company’s stock worth $81,000 after purchasing an additional 1,259 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 33.4% in the 1st quarter. Sound Income Strategies LLC now owns 3,996 shares of the company’s stock valued at $95,000 after purchasing an additional 1,000 shares during the period. Finally, ORG Partners LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF during the 2nd quarter valued at $140,000.

Invesco Variable Rate Preferred ETF Price Performance

Invesco Variable Rate Preferred ETF stock opened at $24.37 on Friday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $21.60 and a fifty-two week high of $24.37. The firm’s fifty day moving average price is $24.05 and its 200-day moving average price is $23.85.

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.