Park Avenue Securities LLC Buys 20,944 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Park Avenue Securities LLC increased its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 45.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,231 shares of the company’s stock after acquiring an additional 20,944 shares during the period. Park Avenue Securities LLC owned about 0.10% of Invesco Variable Rate Preferred ETF worth $1,598,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in 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 valued at $11,995,000 after purchasing an additional 300,826 shares during the last quarter. Windsor Capital Management LLC raised its position in Invesco Variable Rate Preferred ETF by 880.7% during the 4th quarter. Windsor Capital Management LLC now owns 292,346 shares of the company’s stock valued at $6,747,000 after purchasing an additional 262,536 shares during the last quarter. Graypoint LLC raised its position in Invesco Variable Rate Preferred ETF by 1,400.6% during the 4th quarter. Graypoint LLC now owns 249,285 shares of the company’s stock valued at $5,753,000 after purchasing an additional 232,673 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Invesco Variable Rate Preferred ETF by 8,895.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 215,890 shares of the company’s stock valued at $4,983,000 after purchasing an additional 213,490 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of 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 acquiring an additional 201,648 shares during the period.

Invesco Variable Rate Preferred ETF Trading Up 0.3 %

VRP stock opened at $24.08 on Monday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $21.60 and a fifty-two week high of $24.08. The business’s 50 day moving average price is $23.78 and its two-hundred day moving average price is $23.54.

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.