Proficio Capital Partners LLC Grows Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Proficio Capital Partners LLC increased its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2,319.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 218,436 shares of the company’s stock after acquiring an additional 209,406 shares during the quarter. Proficio Capital Partners LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $5,284,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Boyd Watterson Asset Management LLC OH acquired a new position in Invesco Variable Rate Preferred ETF during the 4th quarter worth $27,000. Coastline Trust Co acquired a new position in Invesco Variable Rate Preferred ETF in the third quarter worth about $142,000. Zhang Financial LLC bought a new stake in Invesco Variable Rate Preferred ETF in the fourth quarter valued at about $202,000. Partners Wealth Management LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the fourth quarter valued at approximately $212,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Invesco Variable Rate Preferred ETF during the fourth quarter valued at approximately $219,000.

Invesco Variable Rate Preferred ETF Trading Down 0.2 %

Shares of NYSEARCA VRP opened at $24.42 on Tuesday. The business has a 50 day simple moving average of $24.32 and a 200-day simple moving average of $24.38. Invesco Variable Rate Preferred ETF has a twelve month low of $23.40 and a twelve month high of $24.67.

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.