Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Stock Position Raised by Cwm LLC

Cwm LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 14.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 31,991 shares of the company’s stock after purchasing an additional 4,038 shares during the quarter. Cwm LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $783,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets grew 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 buying an additional 3,001 shares during the last quarter. Key Financial Inc grew its position in shares of Invesco Variable Rate Preferred ETF by 59.6% during the 2nd quarter. Key Financial Inc now owns 3,370 shares of the company’s stock valued at $81,000 after buying an additional 1,259 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Invesco Variable Rate Preferred ETF by 33.4% during the 1st quarter. Sound Income Strategies LLC now owns 3,996 shares of the company’s stock valued at $95,000 after buying an additional 1,000 shares during the last quarter. ORG Partners LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the 2nd quarter valued at about $140,000. Finally, MGB Wealth Management LLC grew its position in shares of Invesco Variable Rate Preferred ETF by 19.6% during the 1st quarter. MGB Wealth Management LLC now owns 7,937 shares of the company’s stock valued at $189,000 after buying an additional 1,300 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

NYSEARCA VRP opened at $24.64 on Friday. Invesco Variable Rate Preferred ETF has a 52 week low of $21.60 and a 52 week high of $24.67. The company has a 50-day moving average price of $24.36 and a two-hundred day moving average price of $24.02.

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.