27,185 Shares in Invesco Variable Rate Preferred ETF $VRP Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. purchased a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the 3rd quarter, HoldingsChannel reports. The firm purchased 27,185 shares of the company’s stock, valued at approximately $645,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRP. Kestra Advisory Services LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 3.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 79,920 shares of the company’s stock valued at $1,895,000 after purchasing an additional 2,907 shares during the last quarter. Howard Wealth Management LLC raised its stake in Invesco Variable Rate Preferred ETF by 3.9% during the third quarter. Howard Wealth Management LLC now owns 107,052 shares of the company’s stock worth $2,538,000 after buying an additional 3,972 shares during the last quarter. D.A. Davidson & CO. bought a new position in Invesco Variable Rate Preferred ETF during the third quarter worth $1,606,000. Foresight Capital Management Advisors Inc. raised its stake in Invesco Variable Rate Preferred ETF by 0.7% during the third quarter. Foresight Capital Management Advisors Inc. now owns 71,536 shares of the company’s stock worth $1,696,000 after buying an additional 524 shares during the last quarter. Finally, Roman Butler Fullerton & Co. acquired a new position in Invesco Variable Rate Preferred ETF in the third quarter valued at $367,000.

Invesco Variable Rate Preferred ETF Price Performance

VRP stock traded up $0.06 during midday trading on Friday, hitting $23.70. The stock had a trading volume of 1,251,272 shares, compared to its average volume of 649,254. Invesco Variable Rate Preferred ETF has a 1-year low of $23.47 and a 1-year high of $24.68. The business has a fifty day moving average price of $23.81 and a two-hundred day moving average price of $24.18.

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.