Invesco Variable Rate Preferred ETF $VRP Shares Purchased by Accel Wealth Management

Accel Wealth Management increased its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 44.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,044 shares of the company’s stock after purchasing an additional 44,118 shares during the period. Accel Wealth Management’s holdings in Invesco Variable Rate Preferred ETF were worth $3,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR boosted its holdings in Invesco Variable Rate Preferred ETF by 4.6% in the first quarter. Stephens Inc. AR now owns 1,478,797 shares of the company’s stock valued at $35,462,000 after purchasing an additional 64,978 shares during the last quarter. Calton & Associates Inc. purchased a new position in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $597,000. LFG Wealth Partners LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $1,335,000. QTR Family Wealth LLC raised its stake in shares of Invesco Variable Rate Preferred ETF by 233.3% during the 4th quarter. QTR Family Wealth LLC now owns 30,000 shares of the company’s stock valued at $735,000 after buying an additional 21,000 shares during the last quarter. Finally, Matthew Goff Investment Advisor LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF in the 1st quarter valued at about $9,708,000.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of VRP opened at $24.20 on Wednesday. Invesco Variable Rate Preferred ETF has a 52 week low of $23.71 and a 52 week high of $24.93. The stock’s 50-day moving average price is $24.30 and its 200-day moving average price is $24.32.

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.