Global Retirement Partners LLC Invests $1.08 Million in Invesco Variable Rate Preferred ETF $VRP

Global Retirement Partners LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 44,282 shares of the company’s stock, valued at approximately $1,083,000.

Several other institutional investors have also made changes to their positions in VRP. LPL Financial LLC raised its holdings in Invesco Variable Rate Preferred ETF by 8.3% during the first quarter. LPL Financial LLC now owns 2,271,805 shares of the company’s stock valued at $55,069,000 after buying an additional 173,408 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Invesco Variable Rate Preferred ETF by 11.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,462,600 shares of the company’s stock valued at $35,761,000 after buying an additional 152,363 shares during the last quarter. Stephens Inc. AR raised its holdings in Invesco Variable Rate Preferred ETF by 0.5% in the 2nd quarter. Stephens Inc. AR now owns 1,384,622 shares of the company’s stock valued at $33,854,000 after acquiring an additional 6,531 shares in the last quarter. Advisors Capital Management LLC lifted its position in Invesco Variable Rate Preferred ETF by 8.8% in the second quarter. Advisors Capital Management LLC now owns 1,208,994 shares of the company’s stock worth $29,560,000 after purchasing an additional 97,360 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 30.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,176,181 shares of the company’s stock worth $28,758,000 after acquiring an additional 272,670 shares during the period.

Invesco Variable Rate Preferred ETF Stock Up 0.2%

NYSEARCA VRP opened at $24.38 on Friday. Invesco Variable Rate Preferred ETF has a 1-year low of $23.03 and a 1-year high of $24.93. The stock’s 50 day moving average is $24.64 and its two-hundred day moving average is $24.51.

Invesco Variable Rate Preferred ETF Company 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.