Invesco Variable Rate Preferred ETF $VRP Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 28.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 219,234 shares of the company’s stock after purchasing an additional 48,969 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.22% of Invesco Variable Rate Preferred ETF worth $5,334,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VRP. Integrity Alliance LLC. lifted its position in shares of Invesco Variable Rate Preferred ETF by 6.5% in the fourth quarter. Integrity Alliance LLC. now owns 114,364 shares of the company’s stock valued at $2,782,000 after acquiring an additional 7,008 shares in the last quarter. Endowment Wealth Management Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 3.5% in the fourth quarter. Endowment Wealth Management Inc. now owns 16,481 shares of the company’s stock valued at $401,000 after acquiring an additional 554 shares in the last quarter. Cary Street Partners Financial LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 11.8% in the fourth quarter. Cary Street Partners Financial LLC now owns 73,173 shares of the company’s stock valued at $1,780,000 after acquiring an additional 7,701 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 26.9% in the fourth quarter. Harbour Investments Inc. now owns 7,119 shares of the company’s stock valued at $173,000 after acquiring an additional 1,511 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at $175,000.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA:VRP opened at $24.35 on Thursday. Invesco Variable Rate Preferred ETF has a 52-week low of $23.71 and a 52-week high of $24.93. The stock’s fifty day simple moving average is $24.26 and its 200-day simple moving average is $24.36.

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.