Zhang Financial LLC Buys New Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Zhang Financial LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRPFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,360 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Benjamin Edwards Inc. boosted its position in shares of Invesco Variable Rate Preferred ETF by 814.2% during the third quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock worth $13,128,000 after buying an additional 478,001 shares during the period. Sanctuary Advisors LLC bought a new stake in Invesco Variable Rate Preferred ETF in the second quarter worth about $6,121,000. Envestnet Asset Management Inc. boosted its holdings in Invesco Variable Rate Preferred ETF by 18.7% during the second quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock worth $23,228,000 after buying an additional 152,981 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 16.9% in the 3rd quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock worth $20,909,000 after acquiring an additional 123,324 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Invesco Variable Rate Preferred ETF by 81.2% in the 3rd quarter. Jane Street Group LLC now owns 220,367 shares of the company’s stock worth $5,390,000 after purchasing an additional 98,725 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA:VRP opened at $24.33 on Tuesday. The firm has a 50 day simple moving average of $24.35 and a 200 day simple moving average of $24.30. Invesco Variable Rate Preferred ETF has a 52 week low of $23.24 and a 52 week high of $24.67.

About Invesco Variable Rate Preferred ETF

(Free Report)

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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Institutional Ownership by Quarter for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

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