Goldstone Financial Group LLC Boosts Stock Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Goldstone Financial Group LLC increased its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,395 shares of the company’s stock after buying an additional 4,408 shares during the period. Goldstone Financial Group LLC owned 0.09% of Invesco Variable Rate Preferred ETF worth $1,485,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Alpha LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 2.9% during the 2nd quarter. Advisory Alpha LLC now owns 2,009,869 shares of the company’s stock worth $48,158,000 after acquiring an additional 57,456 shares in the last quarter. Stephens Inc. AR raised its holdings 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 worth $34,591,000 after purchasing an additional 5,892 shares during the period. Envestnet Asset Management Inc. boosted its position 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 purchasing an additional 152,981 shares in the last quarter. HighTower Advisors LLC grew its holdings in Invesco Variable Rate Preferred ETF by 16.9% in the third quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock valued at $20,909,000 after purchasing an additional 123,324 shares during the period. Finally, Benjamin Edwards Inc. increased its position 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 in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of VRP stock opened at $24.28 on Friday. Invesco Variable Rate Preferred ETF has a 1-year low of $23.20 and a 1-year high of $24.67. The stock has a 50 day simple moving average of $24.36 and a 200-day simple moving average of $24.29.

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.