Finward Bancorp Invests $270,000 in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Finward Bancorp acquired a new stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 11,175 shares of the company’s stock, valued at approximately $270,000.

A number of other large investors have also bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 5.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,471,466 shares of the company’s stock valued at $59,785,000 after buying an additional 134,133 shares during the period. LPL Financial LLC boosted its stake in Invesco Variable Rate Preferred ETF by 47.7% in the 4th quarter. LPL Financial LLC now owns 2,098,397 shares of the company’s stock worth $50,760,000 after purchasing an additional 677,991 shares during the period. Stephens Inc. AR increased its holdings in Invesco Variable Rate Preferred ETF by 1.3% during the 4th quarter. Stephens Inc. AR now owns 1,431,932 shares of the company’s stock worth $34,638,000 after purchasing an additional 17,757 shares in the last quarter. Advisors Capital Management LLC raised its stake in shares of Invesco Variable Rate Preferred ETF by 2.8% in the 4th quarter. Advisors Capital Management LLC now owns 1,023,617 shares of the company’s stock valued at $24,761,000 after purchasing an additional 27,632 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 11.5% in the fourth quarter. HighTower Advisors LLC now owns 953,200 shares of the company’s stock valued at $23,058,000 after purchasing an additional 98,336 shares in the last quarter.

Invesco Variable Rate Preferred ETF Trading Up 0.4 %

NYSEARCA:VRP opened at $23.79 on Wednesday. The stock has a 50-day simple moving average of $24.19 and a 200 day simple moving average of $24.31. Invesco Variable Rate Preferred ETF has a 52-week low of $23.03 and a 52-week 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.