Mader & Shannon Wealth Management Inc. Purchases New Shares in Invesco Variable Rate Preferred ETF $VRP

Mader & Shannon Wealth Management Inc. acquired a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 742,105 shares of the company’s stock, valued at approximately $17,595,000. Invesco Variable Rate Preferred ETF makes up about 7.4% of Mader & Shannon Wealth Management Inc.’s portfolio, making the stock its 6th largest holding. Mader & Shannon Wealth Management Inc. owned approximately 0.59% of Invesco Variable Rate Preferred ETF at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VRP. Insight Wealth Strategies LLC bought a new stake in Invesco Variable Rate Preferred ETF in the 2nd quarter valued at $22,654,000. Park Avenue Securities LLC bought a new position in Invesco Variable Rate Preferred ETF during the 3rd quarter worth about $10,024,000. Sanctuary Advisors LLC increased its holdings in Invesco Variable Rate Preferred ETF by 6.5% during the 1st quarter. Sanctuary Advisors LLC now owns 417,981 shares of the company’s stock worth $10,023,000 after purchasing an additional 25,629 shares in the last quarter. Westover Capital Advisors LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the 3rd quarter valued at about $9,867,000. Finally, Avior Wealth Management LLC raised its stake in shares of Invesco Variable Rate Preferred ETF by 87.3% in the 2nd quarter. Avior Wealth Management LLC now owns 351,681 shares of the company’s stock valued at $8,549,000 after purchasing an additional 163,937 shares during the period.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of Invesco Variable Rate Preferred ETF stock traded up $0.06 during trading on Friday, reaching $23.70. The stock had a trading volume of 1,251,272 shares, compared to its average volume of 649,254. The stock 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 has a 52 week low of $23.47 and a 52 week high of $24.68.

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.