PFG Investments LLC Invests $400,000 in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

PFG Investments LLC acquired a new stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the first quarter, according to its most recent filing with the SEC. The firm acquired 16,820 shares of the company’s stock, valued at approximately $400,000.

Several other institutional investors also recently bought and sold shares of the company. UBS Group AG boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 21.6% in the third quarter. UBS Group AG now owns 2,977,513 shares of the company’s stock valued at $66,607,000 after acquiring an additional 529,617 shares in the last quarter. Advisory Alpha LLC increased its position in Invesco Variable Rate Preferred ETF by 1.8% during the 4th quarter. Advisory Alpha LLC now owns 1,851,516 shares of the company’s stock worth $42,735,000 after purchasing an additional 32,876 shares during the period. LPL Financial LLC increased its position in Invesco Variable Rate Preferred ETF by 30.4% during the 3rd quarter. LPL Financial LLC now owns 865,770 shares of the company’s stock worth $19,367,000 after purchasing an additional 201,648 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 127.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 536,208 shares of the company’s stock worth $11,995,000 after buying an additional 300,826 shares in the last quarter. Finally, Evolution Wealth Advisors LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 7.5% in the third quarter. Evolution Wealth Advisors LLC now owns 448,609 shares of the company’s stock valued at $10,035,000 after buying an additional 31,485 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Invesco Variable Rate Preferred ETF stock traded down $0.05 during midday trading on Tuesday, reaching $23.59. The company’s stock had a trading volume of 407,490 shares, compared to its average volume of 355,863. Invesco Variable Rate Preferred ETF has a fifty-two week low of $21.36 and a fifty-two week high of $23.87. The stock’s 50 day simple moving average is $23.63 and its 200 day simple moving average is $23.10.

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.