Thoroughbred Financial Services LLC Has $276,000 Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Thoroughbred Financial Services LLC grew its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,533 shares of the company’s stock after purchasing an additional 435 shares during the period. Thoroughbred Financial Services LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $276,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in Invesco Variable Rate Preferred ETF by 75,025.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock valued at $71,000 after purchasing an additional 3,001 shares during the last quarter. Vima LLC bought a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $78,000. Key Financial Inc boosted its holdings in shares of 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 acquiring an additional 1,259 shares in the last quarter. Sound Income Strategies LLC grew its position in Invesco Variable Rate Preferred ETF by 33.4% during the 1st quarter. Sound Income Strategies LLC now owns 3,996 shares of the company’s stock worth $95,000 after acquiring an additional 1,000 shares during the last quarter. Finally, ORG Partners LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the 2nd quarter valued at $140,000.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP stock opened at $24.50 on Wednesday. The stock’s fifty day moving average is $24.11 and its 200-day moving average is $23.89. Invesco Variable Rate Preferred ETF has a 52 week low of $21.60 and a 52 week high of $24.56.

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.