Raymond James Financial Inc. Purchases New Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Raymond James Financial Inc. bought a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 387,362 shares of the company’s stock, valued at approximately $9,370,000. Raymond James Financial Inc. owned about 0.57% of Invesco Variable Rate Preferred ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 16.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 47,310 shares of the company’s stock worth $1,144,000 after buying an additional 6,640 shares during the last quarter. Unified Investment Management bought a new position in Invesco Variable Rate Preferred ETF during the fourth quarter worth about $373,000. Meridian Wealth Management LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 7.6% during the fourth quarter. Meridian Wealth Management LLC now owns 228,498 shares of the company’s stock worth $5,527,000 after buying an additional 16,195 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 73.3% during the 4th quarter. Jones Financial Companies Lllp now owns 28,745 shares of the company’s stock valued at $695,000 after purchasing an additional 12,160 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 2,319.0% during the 4th quarter. Proficio Capital Partners LLC now owns 218,436 shares of the company’s stock valued at $5,284,000 after purchasing an additional 209,406 shares in the last quarter.

Invesco Variable Rate Preferred ETF Trading Up 0.0 %

NYSEARCA:VRP opened at $24.41 on Friday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.40 and a fifty-two week high of $24.67. The business’s 50-day simple moving average is $24.34 and its 200-day simple moving average is $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.