Power Wealth Management LLC purchased a new position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 83,326 shares of the company’s stock, valued at approximately $2,026,000. Invesco Variable Rate Preferred ETF comprises approximately 0.7% of Power Wealth Management LLC’s holdings, making the stock its 21st biggest position.
Other large investors also recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 18.6% during the first quarter. NewEdge Advisors LLC now owns 16,791 shares of the company’s stock valued at $407,000 after purchasing an additional 2,636 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 2nd quarter worth approximately $440,000. Qube Research & Technologies Ltd boosted its position in shares of Invesco Variable Rate Preferred ETF by 33.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 14,721 shares of the company’s stock worth $360,000 after purchasing an additional 3,704 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the 2nd quarter worth approximately $220,000. Finally, Diversify Wealth Management LLC grew its stake in shares of Invesco Variable Rate Preferred ETF by 54.4% in the 2nd quarter. Diversify Wealth Management LLC now owns 27,411 shares of the company’s stock worth $673,000 after buying an additional 9,663 shares during the last quarter.
Invesco Variable Rate Preferred ETF Stock Up 0.0%
VRP stock opened at $24.13 on Friday. Invesco Variable Rate Preferred ETF has a twelve month low of $23.71 and a twelve month high of $24.93. The business has a 50 day moving average of $24.23 and a 200 day moving average of $24.28.
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.
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