Pekin Hardy Strauss Inc. Buys New Stake in Invesco Variable Rate Preferred ETF $VRP

by · The Markets Daily

Pekin Hardy Strauss Inc. bought a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,185 shares of the company’s stock, valued at approximately $645,000.

A number of other institutional investors have also recently added to or reduced their stakes in VRP. Power Wealth Management LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the second quarter valued at $2,026,000. Insight Wealth Strategies LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the second quarter valued at $22,654,000. Eagle Harbor Asset Management Inc. ADV bought a new position in Invesco Variable Rate Preferred ETF during the 3rd quarter worth $4,216,000. Independent Financial Group LLC bought a new position in Invesco Variable Rate Preferred ETF during the 1st quarter worth $3,025,000. Finally, Park Avenue Securities LLC bought a new position in Invesco Variable Rate Preferred ETF during the 3rd quarter worth $10,024,000.

Invesco Variable Rate Preferred ETF Stock Up 0.3%

VRP traded up $0.06 during midday trading on Friday, hitting $23.70. 1,251,272 shares of the company were exchanged, compared to its average volume of 649,254. Invesco Variable Rate Preferred ETF has a 1-year low of $23.47 and a 1-year high of $24.68. The firm’s 50 day moving average price is $23.81 and its 200-day moving average price is $24.18.

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.

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