Blue Water Asset Management Invests $6.79 Million in Invesco Variable Rate Preferred ETF $VRP

Blue Water Asset Management purchased a new position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 279,089 shares of the company’s stock, valued at approximately $6,790,000. Invesco Variable Rate Preferred ETF comprises about 2.4% of Blue Water Asset Management’s holdings, making the stock its 12th biggest position. Blue Water Asset Management owned approximately 0.28% of Invesco Variable Rate Preferred ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in Invesco Variable Rate Preferred ETF in the 4th quarter worth about $51,000. Private Trust Co. NA raised its holdings in shares of Invesco Variable Rate Preferred ETF by 165.2% during the fourth quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock valued at $54,000 after buying an additional 1,376 shares during the last quarter. LFA Lugano Financial Advisors SA raised its holdings in shares of Invesco Variable Rate Preferred ETF by 136.8% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock valued at $123,000 after buying an additional 2,927 shares during the last quarter. Luken Investment Analytics LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the fourth quarter valued at approximately $135,000. Finally, Advisors Preferred LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 296.9% during the third quarter. Advisors Preferred LLC now owns 6,612 shares of the company’s stock valued at $164,000 after buying an additional 4,946 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Down 0.2%

VRP opened at $24.31 on Friday. The business’s 50 day moving average is $24.24 and its 200-day moving average is $24.39. Invesco Variable Rate Preferred ETF has a twelve month low of $23.71 and a twelve month high of $24.93.

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.