MGB Wealth Management LLC Acquires 1,300 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

MGB Wealth Management LLC grew its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 19.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,937 shares of the company’s stock after acquiring an additional 1,300 shares during the quarter. MGB Wealth Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J. W. Coons Advisors LLC grew its stake in Invesco Variable Rate Preferred ETF by 2.8% during the fourth quarter. J. W. Coons Advisors LLC now owns 28,465 shares of the company’s stock valued at $657,000 after acquiring an additional 780 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 33.4% during the first quarter. Sound Income Strategies LLC now owns 3,996 shares of the company’s stock worth $95,000 after purchasing an additional 1,000 shares in the last quarter. BTS Asset Management Inc. increased its position in shares of Invesco Variable Rate Preferred ETF by 7.0% in the first quarter. BTS Asset Management Inc. now owns 15,337 shares of the company’s stock worth $365,000 after purchasing an additional 1,007 shares during the last quarter. Evolution Wealth Advisors LLC lifted its position in Invesco Variable Rate Preferred ETF by 0.3% during the first quarter. Evolution Wealth Advisors LLC now owns 436,032 shares of the company’s stock valued at $10,364,000 after purchasing an additional 1,137 shares during the last quarter. Finally, Retirement Group LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 14.5% during the 1st quarter. Retirement Group LLC now owns 9,179 shares of the company’s stock valued at $218,000 after buying an additional 1,164 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Up 0.0 %

NYSEARCA:VRP traded up $0.01 during midday trading on Friday, hitting $24.13. The company had a trading volume of 131,598 shares, compared to its average volume of 372,698. The stock’s fifty day moving average price is $23.90 and its 200-day moving average price is $23.63. Invesco Variable Rate Preferred ETF has a 52-week low of $21.60 and a 52-week high of $24.16.

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.