LFG Wealth Partners LLC Takes $1.34 Million Position in Invesco Variable Rate Preferred ETF $VRP

LFG Wealth Partners LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 54,879 shares of the company’s stock, valued at approximately $1,335,000. LFG Wealth Partners LLC owned 0.06% of Invesco Variable Rate Preferred ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 18.6% in the 1st quarter. NewEdge Advisors LLC now owns 16,791 shares of the company’s stock worth $407,000 after purchasing an additional 2,636 shares in the last quarter. First Trust Advisors LP bought a new position in Invesco Variable Rate Preferred ETF in the 2nd quarter worth $440,000. Qube Research & Technologies Ltd raised its stake in Invesco Variable Rate Preferred ETF by 33.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 14,721 shares of the company’s stock valued at $360,000 after purchasing an additional 3,704 shares during the period. Diversify Advisory Services LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF in the second quarter worth $220,000. Finally, Diversify Wealth Management LLC boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 54.4% during the 2nd quarter. Diversify Wealth Management LLC now owns 27,411 shares of the company’s stock valued at $673,000 after purchasing an additional 9,663 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of VRP opened at $24.41 on Tuesday. The firm has a fifty day moving average price of $24.32 and a 200-day moving average price of $24.35. Invesco Variable Rate Preferred ETF has a 12-month low of $23.71 and a 12-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.