WealthCare Investment Partners LLC Makes New $924,000 Investment in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

WealthCare Investment Partners LLC bought a new stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the third quarter, HoldingsChannel reports. The institutional investor bought 37,959 shares of the company’s stock, valued at approximately $924,000.

Other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of 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 acquiring an additional 3,001 shares during the period. Vima LLC acquired a new position in Invesco Variable Rate Preferred ETF during the fourth quarter worth $78,000. Key Financial Inc boosted its position in Invesco Variable Rate Preferred ETF by 59.6% during the second quarter. Key Financial Inc now owns 3,370 shares of the company’s stock worth $81,000 after purchasing an additional 1,259 shares in the last quarter. Sound Income Strategies LLC grew its holdings in Invesco Variable Rate Preferred ETF by 33.4% in the first quarter. Sound Income Strategies LLC now owns 3,996 shares of the company’s stock valued at $95,000 after purchasing an additional 1,000 shares during the last quarter. Finally, ORG Partners LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF in the second quarter valued at $140,000.

Invesco Variable Rate Preferred ETF Price Performance

Shares of NYSEARCA VRP opened at $24.37 on Wednesday. The company’s 50-day moving average price is $24.25 and its 200 day moving average price is $23.98. Invesco Variable Rate Preferred ETF has a 52 week low of $21.60 and a 52 week high of $24.66.

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.