Independent Financial Group LLC Buys Shares of 126,143 Invesco Variable Rate Preferred ETF $VRP

Independent Financial Group LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 126,143 shares of the company’s stock, valued at approximately $3,025,000.

Other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 1.4% in the third quarter. Advisory Services Network LLC now owns 33,782 shares of the company’s stock valued at $834,000 after acquiring an additional 458 shares in the last quarter. Equitable Holdings Inc. increased its position in Invesco Variable Rate Preferred ETF by 3.8% during the 4th quarter. Equitable Holdings Inc. now owns 13,531 shares of the company’s stock worth $329,000 after purchasing an additional 493 shares in the last quarter. Blair William & Co. IL increased its position in Invesco Variable Rate Preferred ETF by 7.7% during the 4th quarter. Blair William & Co. IL now owns 6,986 shares of the company’s stock worth $170,000 after purchasing an additional 501 shares in the last quarter. Corient Private Wealth LLC raised its stake in Invesco Variable Rate Preferred ETF by 1.4% in the 2nd quarter. Corient Private Wealth LLC now owns 36,992 shares of the company’s stock valued at $904,000 after purchasing an additional 520 shares during the last quarter. Finally, Endowment Wealth Management Inc. raised its stake in Invesco Variable Rate Preferred ETF by 3.5% in the 4th quarter. Endowment Wealth Management Inc. now owns 16,481 shares of the company’s stock valued at $401,000 after purchasing an additional 554 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

NYSEARCA:VRP opened at $24.38 on Friday. The company’s 50-day moving average is $24.34 and its two-hundred day moving average is $24.34. Invesco Variable Rate Preferred ETF has a 12-month low of $23.71 and a 12-month high of $24.93.

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.