Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Sold by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. reduced its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,332 shares of the company’s stock after selling 753 shares during the period. Endowment Wealth Management Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in Invesco Variable Rate Preferred ETF by 75,025.0% during the first quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock worth $71,000 after buying an additional 3,001 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Invesco Variable Rate Preferred ETF by 5.1% during the first quarter. Oppenheimer & Co. Inc. now owns 29,256 shares of the company’s stock worth $695,000 after buying an additional 1,418 shares during the period. Avantax Advisory Services Inc. boosted its stake in Invesco Variable Rate Preferred ETF by 15.9% during the first quarter. Avantax Advisory Services Inc. now owns 27,366 shares of the company’s stock worth $650,000 after buying an additional 3,757 shares during the period. Patten & Patten Inc. TN purchased a new position in Invesco Variable Rate Preferred ETF during the first quarter worth about $830,000. Finally, Resurgent Financial Advisors LLC boosted its stake in Invesco Variable Rate Preferred ETF by 100.3% during the first quarter. Resurgent Financial Advisors LLC now owns 26,790 shares of the company’s stock worth $637,000 after buying an additional 13,415 shares during the period.

Invesco Variable Rate Preferred ETF Stock Up 0.1 %

Shares of VRP stock opened at $24.51 on Thursday. The company has a 50-day moving average of $24.46 and a two-hundred day moving average of $24.13. Invesco Variable Rate Preferred ETF has a 1-year low of $22.36 and a 1-year 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.