IFP Advisors Inc Grows Stock Position in Invesco Variable Rate Preferred ETF $VRP

IFP Advisors Inc boosted its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,938 shares of the company’s stock after acquiring an additional 2,360 shares during the quarter. IFP Advisors Inc owned about 0.07% of Invesco Variable Rate Preferred ETF worth $1,588,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VRP. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Invesco Variable Rate Preferred ETF in the 1st quarter worth approximately $9,696,000. Williams Financial LLC purchased a new position in Invesco Variable Rate Preferred ETF in the 1st quarter worth approximately $8,271,000. Integrity Alliance LLC. acquired a new position in shares of Invesco Variable Rate Preferred ETF in the 1st quarter valued at approximately $5,335,000. Wealthcare Advisory Partners LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 2,329.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 203,814 shares of the company’s stock valued at $4,983,000 after purchasing an additional 195,424 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 8.3% in the 1st quarter. LPL Financial LLC now owns 2,271,805 shares of the company’s stock valued at $55,069,000 after purchasing an additional 173,408 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Down 0.4%

Shares of VRP opened at $24.66 on Friday. The business’s 50 day moving average is $24.66 and its two-hundred day moving average is $24.34. Invesco Variable Rate Preferred ETF has a 52-week low of $23.03 and a 52-week high of $24.93.

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.