B. Riley Wealth Advisors Inc. Has $580,000 Stock Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

B. Riley Wealth Advisors Inc. lifted its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,188 shares of the company’s stock after purchasing an additional 481 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Synergy Asset Management LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF during the 1st quarter worth approximately $7,554,000. Commonwealth Equity Services LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 161.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 449,304 shares of the company’s stock worth $10,680,000 after purchasing an additional 277,685 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Invesco Variable Rate Preferred ETF by 111.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 456,791 shares of the company’s stock valued at $10,858,000 after purchasing an additional 240,901 shares during the last quarter. Ocean Park Asset Management LLC raised its position in Invesco Variable Rate Preferred ETF by 76.1% in the second quarter. Ocean Park Asset Management LLC now owns 395,900 shares of the company’s stock valued at $9,486,000 after purchasing an additional 171,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Invesco Variable Rate Preferred ETF by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock valued at $23,228,000 after purchasing an additional 152,981 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP opened at $24.48 on Friday. Invesco Variable Rate Preferred ETF has a 1 year low of $21.60 and a 1 year high of $24.66. The business has a 50-day moving average of $24.24 and a 200-day moving average of $23.97.

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.