Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Holdings Raised by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC grew its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 20.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,857 shares of the company’s stock after acquiring an additional 18,418 shares during the period. AlphaStar Capital Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $2,633,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VRP. Advisory Resource Group increased its holdings in Invesco Variable Rate Preferred ETF by 3.5% in the fourth quarter. Advisory Resource Group now owns 65,103 shares of the company’s stock worth $1,575,000 after buying an additional 2,228 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of Invesco Variable Rate Preferred ETF during the 4th quarter worth $598,000. Stratos Wealth Partners LTD. bought a new position in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at $219,000. New Millennium Group LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF by 53.4% in the 4th quarter. New Millennium Group LLC now owns 102,502 shares of the company’s stock valued at $2,480,000 after purchasing an additional 35,688 shares during the last quarter. Finally, Synergy Asset Management LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 92.9% in the fourth quarter. Synergy Asset Management LLC now owns 33,174 shares of the company’s stock worth $808,000 after purchasing an additional 15,980 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Invesco Variable Rate Preferred ETF stock opened at $24.39 on Friday. Invesco Variable Rate Preferred ETF has a one year low of $23.32 and a one year high of $24.67. The company’s fifty day moving average price is $24.32 and its two-hundred day moving average price is $24.31.

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.