D.A. Davidson & CO. Boosts Stock Position in Invesco Variable Rate Preferred ETF $VRP

D.A. Davidson & CO. lifted its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 5.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,200 shares of the company’s stock after purchasing an additional 2,572 shares during the quarter. D.A. Davidson & CO. owned 0.05% of Invesco Variable Rate Preferred ETF worth $1,130,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Principal Securities Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 0.3% in the first quarter. Principal Securities Inc. now owns 171,943 shares of the company’s stock valued at $4,159,000 after purchasing an additional 463 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in Invesco Variable Rate Preferred ETF by 1.8% during the second quarter. Atria Wealth Solutions Inc. now owns 30,406 shares of the company’s stock worth $745,000 after buying an additional 534 shares during the period. Endowment Wealth Management Inc. boosted its stake in Invesco Variable Rate Preferred ETF by 5.1% during the first quarter. Endowment Wealth Management Inc. now owns 11,689 shares of the company’s stock worth $283,000 after buying an additional 569 shares during the period. Geneos Wealth Management Inc. boosted its stake in Invesco Variable Rate Preferred ETF by 6.8% during the first quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock worth $276,000 after buying an additional 721 shares during the period. Finally, Diversify Wealth Management LLC boosted its stake in Invesco Variable Rate Preferred ETF by 4.3% during the first quarter. Diversify Wealth Management LLC now owns 17,748 shares of the company’s stock worth $425,000 after buying an additional 728 shares during the period.

Invesco Variable Rate Preferred ETF Stock Down 0.0%

NYSEARCA VRP opened at $24.67 on Tuesday. The company has a fifty day moving average of $24.68 and a two-hundred day moving average of $24.41. Invesco Variable Rate Preferred ETF has a 52 week low of $23.03 and a 52 week high of $24.93.

Invesco Variable Rate Preferred ETF 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.