Coastline Trust Co Purchases Shares of 5,800 Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Coastline Trust Co purchased a new stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,800 shares of the company’s stock, valued at approximately $142,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC grew its holdings in Invesco Variable Rate Preferred ETF by 14.4% during the third quarter. CWM LLC now owns 31,991 shares of the company’s stock worth $783,000 after acquiring an additional 4,038 shares during the period. Truist Financial Corp raised its holdings in shares of Invesco Variable Rate Preferred ETF by 2.4% in the 2nd quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock worth $426,000 after purchasing an additional 421 shares in the last quarter. Tidal Investments LLC lifted its stake in Invesco Variable Rate Preferred ETF by 8.9% during the first quarter. Tidal Investments LLC now owns 74,798 shares of the company’s stock valued at $1,778,000 after purchasing an additional 6,142 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Invesco Variable Rate Preferred ETF by 18.7% during the second quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock worth $23,228,000 after buying an additional 152,981 shares in the last quarter. Finally, Advisory Alpha LLC grew its position in 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 worth $48,158,000 after buying an additional 57,456 shares during the last quarter.

Invesco Variable Rate Preferred ETF Trading Down 0.1 %

Shares of NYSEARCA:VRP opened at $24.48 on Friday. The stock has a fifty day moving average of $24.47 and a 200-day moving average of $24.14. Invesco Variable Rate Preferred ETF has a one year low of $22.36 and a one year high of $24.67.

About Invesco Variable Rate Preferred ETF

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.