Vima LLC Makes New Investment in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Vima LLC purchased a new position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,364 shares of the company’s stock, valued at approximately $78,000.

A number of other institutional investors have also bought and sold shares of VRP. J. W. Coons Advisors LLC lifted its stake in Invesco Variable Rate Preferred ETF by 2.8% in the fourth quarter. J. W. Coons Advisors LLC now owns 28,465 shares of the company’s stock worth $657,000 after purchasing an additional 780 shares during the last quarter. Blair William & Co. IL lifted its stake in Invesco Variable Rate Preferred ETF by 8.0% in the third quarter. Blair William & Co. IL now owns 11,534 shares of the company’s stock worth $258,000 after purchasing an additional 859 shares during the last quarter. Advisory Services Network LLC lifted its stake in Invesco Variable Rate Preferred ETF by 3.3% in the fourth quarter. Advisory Services Network LLC now owns 45,457 shares of the company’s stock worth $1,049,000 after purchasing an additional 1,437 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Invesco Variable Rate Preferred ETF by 6.0% in the fourth quarter. D.A. Davidson & CO. now owns 33,979 shares of the company’s stock worth $784,000 after purchasing an additional 1,910 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its stake in Invesco Variable Rate Preferred ETF by 22.6% in the third quarter. Belpointe Asset Management LLC now owns 11,350 shares of the company’s stock worth $254,000 after purchasing an additional 2,090 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Down 0.1 %

NYSEARCA VRP traded down $0.02 during trading on Friday, hitting $23.88. The stock had a trading volume of 251,381 shares, compared to its average volume of 379,962. Invesco Variable Rate Preferred ETF has a one year low of $21.60 and a one year high of $23.99. The stock has a 50 day simple moving average of $23.74 and a 200 day simple moving average of $23.48.

About Invesco Variable Rate Preferred ETF

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.