Advisory Alpha LLC Boosts Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Advisory Alpha LLC grew its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,009,869 shares of the company’s stock after purchasing an additional 57,456 shares during the quarter. Invesco Variable Rate Preferred ETF makes up approximately 1.9% of Advisory Alpha LLC’s holdings, making the stock its 12th biggest holding. Advisory Alpha LLC owned about 2.94% of Invesco Variable Rate Preferred ETF worth $48,158,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 5.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 29,256 shares of the company’s stock valued at $695,000 after purchasing an additional 1,418 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Invesco Variable Rate Preferred ETF by 51.2% in the 4th quarter. Corient Private Wealth LLC now owns 46,946 shares of the company’s stock valued at $1,084,000 after purchasing an additional 15,887 shares in the last quarter. Park Avenue Securities LLC raised its stake in Invesco Variable Rate Preferred ETF by 45.2% during the first quarter. Park Avenue Securities LLC now owns 67,231 shares of the company’s stock worth $1,598,000 after acquiring an additional 20,944 shares during the period. Tidal Investments LLC raised its stake in Invesco Variable Rate Preferred ETF by 8.9% during the first quarter. Tidal Investments LLC now owns 74,798 shares of the company’s stock worth $1,778,000 after acquiring an additional 6,142 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Invesco Variable Rate Preferred ETF by 18.7% during the second quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock worth $23,228,000 after acquiring an additional 152,981 shares during the period.

Invesco Variable Rate Preferred ETF Trading Down 0.2 %

VRP opened at $24.46 on Tuesday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $21.60 and a fifty-two week high of $24.66. The company’s 50-day moving average price is $24.18 and its 200 day moving average price is $23.94.

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.