SK Wealth Management LLC Buys Shares of 26,149 Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

SK Wealth Management LLC purchased a new position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRPFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,149 shares of the company’s stock, valued at approximately $633,000.

A number of other hedge funds have also made changes to their positions in VRP. Coastline Trust Co purchased a new stake in Invesco Variable Rate Preferred ETF in the 3rd quarter worth approximately $142,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the third quarter worth $213,000. Proficio Capital Partners LLC boosted its position in Invesco Variable Rate Preferred ETF by 4.8% during the third quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock valued at $221,000 after purchasing an additional 415 shares during the last quarter. Investment Research & Advisory Group Inc. purchased a new position in Invesco Variable Rate Preferred ETF in the third quarter valued at about $225,000. Finally, Kovack Advisors Inc. increased its position in Invesco Variable Rate Preferred ETF by 7.1% in the 3rd quarter. Kovack Advisors Inc. now owns 10,350 shares of the company’s stock worth $253,000 after purchasing an additional 685 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Up 0.2 %

Shares of Invesco Variable Rate Preferred ETF stock traded up $0.06 during trading on Monday, hitting $24.27. 397,249 shares of the stock traded hands, compared to its average volume of 372,022. The company has a fifty day moving average price of $24.41 and a two-hundred day moving average price of $24.26. Invesco Variable Rate Preferred ETF has a twelve month low of $22.97 and a twelve month high of $24.67.

Invesco Variable Rate Preferred ETF Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding VRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Variable Rate Preferred ETF (NYSEARCA:VRPFree Report).

Institutional Ownership by Quarter for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

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