Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Shares Bought by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC grew its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 460,612 shares of the company’s stock after buying an additional 8,318 shares during the quarter. Invesco Variable Rate Preferred ETF makes up 1.9% of Evolution Wealth Advisors LLC’s portfolio, making the stock its 9th largest position. Evolution Wealth Advisors LLC owned 0.67% of Invesco Variable Rate Preferred ETF worth $11,142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VRP. Bank of New York Mellon Corp increased its stake in shares of Invesco Variable Rate Preferred ETF by 10.7% in the second quarter. Bank of New York Mellon Corp now owns 20,918 shares of the company’s stock valued at $501,000 after buying an additional 2,024 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Invesco Variable Rate Preferred ETF by 20.2% in the second quarter. Thrivent Financial for Lutherans now owns 43,953 shares of the company’s stock valued at $1,053,000 after buying an additional 7,400 shares in the last quarter. Insigneo Advisory Services LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 25.2% in the second quarter. Insigneo Advisory Services LLC now owns 20,528 shares of the company’s stock valued at $485,000 after buying an additional 4,126 shares in the last quarter. NewEdge Advisors LLC increased its position in Invesco Variable Rate Preferred ETF by 25,072.1% in the second quarter. NewEdge Advisors LLC now owns 72,244 shares of the company’s stock worth $1,731,000 after purchasing an additional 71,957 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its position in Invesco Variable Rate Preferred ETF by 2.0% in the second quarter. B. Riley Wealth Advisors Inc. now owns 24,188 shares of the company’s stock worth $580,000 after purchasing an additional 481 shares during the period.

Invesco Variable Rate Preferred ETF Trading Up 0.0 %

Shares of VRP stock opened at $24.26 on Thursday. The stock has a 50-day moving average price of $24.34 and a 200 day moving average price of $24.30. Invesco Variable Rate Preferred ETF has a 12 month low of $23.26 and a 12 month high of $24.67.

Invesco Variable Rate Preferred ETF 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.