9,055 Shares in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. purchased a new stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,055 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of VRP. New Millennium Group LLC lifted its position in Invesco Variable Rate Preferred ETF by 53.4% in the fourth quarter. New Millennium Group LLC now owns 102,502 shares of the company’s stock worth $2,480,000 after purchasing an additional 35,688 shares during the period. Synergy Asset Management LLC boosted its position in shares of Invesco Variable Rate Preferred ETF by 92.9% during the 4th quarter. Synergy Asset Management LLC now owns 33,174 shares of the company’s stock valued at $808,000 after acquiring an additional 15,980 shares in the last quarter. Nilsine Partners LLC increased its stake in Invesco Variable Rate Preferred ETF by 12.4% in the fourth quarter. Nilsine Partners LLC now owns 199,126 shares of the company’s stock valued at $4,817,000 after acquiring an additional 21,905 shares during the period. PFG Investments LLC lifted its stake in Invesco Variable Rate Preferred ETF by 40.6% during the fourth quarter. PFG Investments LLC now owns 23,955 shares of the company’s stock worth $579,000 after purchasing an additional 6,923 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 108.2% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 18,101 shares of the company’s stock valued at $438,000 after purchasing an additional 9,409 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of NYSEARCA VRP opened at $24.49 on Friday. The business has a fifty day moving average of $24.32 and a two-hundred day moving average of $24.33. Invesco Variable Rate Preferred ETF has a 52-week low of $23.40 and a 52-week high of $24.67.

About Invesco Variable Rate Preferred ETF

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.