MFA Wealth Advisors LLC Buys 461 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

MFA Wealth Advisors LLC increased its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,976 shares of the company’s stock after purchasing an additional 461 shares during the quarter. MFA Wealth Advisors LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $562,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of VRP. Synergy Asset Management LLC purchased a new stake in Invesco Variable Rate Preferred ETF in the first quarter worth $7,554,000. Commonwealth Equity Services LLC increased its holdings in Invesco Variable Rate Preferred ETF by 161.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 449,304 shares of the company’s stock worth $10,680,000 after acquiring an additional 277,685 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Invesco Variable Rate Preferred ETF in the 2nd quarter valued at about $6,121,000. Ocean Park Asset Management LLC lifted its holdings in Invesco Variable Rate Preferred ETF by 76.1% during the second quarter. Ocean Park Asset Management LLC now owns 395,900 shares of the company’s stock valued at $9,486,000 after purchasing an additional 171,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Invesco Variable Rate Preferred ETF by 18.7% during the second quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock worth $23,228,000 after purchasing an additional 152,981 shares during the period.

Invesco Variable Rate Preferred ETF Trading Down 0.5 %

VRP opened at $24.30 on Thursday. The firm has a 50-day moving average price of $24.38 and a 200-day moving average price of $24.04. Invesco Variable Rate Preferred ETF has a twelve month low of $21.60 and a twelve month high of $24.67.

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.