Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 15.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 432,834 shares of the company’s stock after buying an additional 57,314 shares during the period. Commonwealth Equity Services LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $10,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in VRP. Stelac Advisory Services LLC increased its holdings in Invesco Variable Rate Preferred ETF by 2.3% in the fourth quarter. Stelac Advisory Services LLC now owns 55,932 shares of the company’s stock valued at $1,353,000 after buying an additional 1,240 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Invesco Variable Rate Preferred ETF by 5.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 25,977 shares of the company’s stock valued at $628,000 after purchasing an additional 1,349 shares in the last quarter. HighTower Advisors LLC raised its holdings in Invesco Variable Rate Preferred ETF by 11.5% in the 4th quarter. HighTower Advisors LLC now owns 953,200 shares of the company’s stock worth $23,058,000 after purchasing an additional 98,336 shares during the period. Endowment Wealth Management Inc. boosted its position in Invesco Variable Rate Preferred ETF by 7.6% during the fourth quarter. Endowment Wealth Management Inc. now owns 11,120 shares of the company’s stock worth $269,000 after purchasing an additional 788 shares in the last quarter. Finally, Ranch Capital Advisors Inc. grew its holdings in Invesco Variable Rate Preferred ETF by 3.0% in the fourth quarter. Ranch Capital Advisors Inc. now owns 78,095 shares of the company’s stock valued at $1,889,000 after purchasing an additional 2,248 shares during the period.

Invesco Variable Rate Preferred ETF Stock Up 0.4 %

Shares of VRP stock opened at $24.38 on Thursday. Invesco Variable Rate Preferred ETF has a 1-year low of $23.40 and a 1-year high of $24.67. The stock has a 50 day simple moving average of $24.33 and a 200-day simple moving average of $24.39.

Invesco Variable Rate Preferred ETF 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.