Insight Wealth Strategies LLC Makes New Investment in Invesco Variable Rate Preferred ETF $VRP

Insight Wealth Strategies LLC acquired a new stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 930,732 shares of the company’s stock, valued at approximately $22,654,000. Invesco Variable Rate Preferred ETF makes up 2.2% of Insight Wealth Strategies LLC’s investment portfolio, making the stock its 14th biggest position.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of Invesco Variable Rate Preferred ETF by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 8,491,380 shares of the company’s stock worth $209,737,000 after acquiring an additional 497,911 shares during the period. Wells Fargo & Company MN raised its stake in Invesco Variable Rate Preferred ETF by 11.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,508,606 shares of the company’s stock valued at $85,364,000 after acquiring an additional 360,543 shares during the period. LPL Financial LLC raised its stake in Invesco Variable Rate Preferred ETF by 17.8% in the 4th quarter. LPL Financial LLC now owns 2,652,479 shares of the company’s stock valued at $64,535,000 after acquiring an additional 399,914 shares during the period. UBS Group AG raised its stake in Invesco Variable Rate Preferred ETF by 1.0% in the 4th quarter. UBS Group AG now owns 2,175,176 shares of the company’s stock valued at $52,922,000 after acquiring an additional 21,479 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Invesco Variable Rate Preferred ETF by 12.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,957,799 shares of the company’s stock valued at $47,633,000 after purchasing an additional 219,807 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Down 0.1%

VRP stock opened at $24.20 on Wednesday. The company has a fifty day moving average price of $24.30 and a two-hundred day moving average price of $24.32. Invesco Variable Rate Preferred ETF has a one year low of $23.71 and a one year high of $24.93.

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.