Advisory Resource Group Buys New Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Advisory Resource Group purchased a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 62,875 shares of the company’s stock, valued at approximately $1,538,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Alpha LLC boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 2.9% in the second quarter. Advisory Alpha LLC now owns 2,009,869 shares of the company’s stock valued at $48,158,000 after acquiring an additional 57,456 shares during the period. Stephens Inc. AR raised its position in Invesco Variable Rate Preferred ETF by 0.4% in the 3rd quarter. Stephens Inc. AR now owns 1,414,175 shares of the company’s stock valued at $34,591,000 after purchasing an additional 5,892 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Invesco Variable Rate Preferred ETF by 18.7% in the 2nd 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. HighTower Advisors LLC grew its position in Invesco Variable Rate Preferred ETF by 16.9% during the 3rd quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock worth $20,909,000 after purchasing an additional 123,324 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of Invesco Variable Rate Preferred ETF by 814.2% in the third quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock valued at $13,128,000 after buying an additional 478,001 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA VRP opened at $24.49 on Thursday. The business’s 50-day moving average price is $24.45 and its 200 day moving average price is $24.22. Invesco Variable Rate Preferred ETF has a 52-week low of $22.76 and a 52-week high of $24.67.

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.