King Wealth Management Group Sells 2,699 Shares of Invesco Variable Rate Preferred ETF $VRP

King Wealth Management Group reduced its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 6.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 39,833 shares of the company’s stock after selling 2,699 shares during the period. King Wealth Management Group’s holdings in Invesco Variable Rate Preferred ETF were worth $974,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Harbour Investments Inc. increased its position in Invesco Variable Rate Preferred ETF by 58.2% in the first quarter. Harbour Investments Inc. now owns 4,490 shares of the company’s stock worth $109,000 after purchasing an additional 1,652 shares during the period. Keybank National Association OH acquired a new position in Invesco Variable Rate Preferred ETF during the 2nd quarter valued at about $241,000. Geneos Wealth Management Inc. boosted its stake in shares of Invesco Variable Rate Preferred ETF by 6.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock valued at $276,000 after purchasing an additional 721 shares during the last quarter. Endowment Wealth Management Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 5.1% during the 1st 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. Finally, Kovack Advisors Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 12.3% during the first quarter. Kovack Advisors Inc. now owns 12,619 shares of the company’s stock worth $306,000 after buying an additional 1,384 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA VRP opened at $24.57 on Friday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.03 and a fifty-two week high of $24.93. The company’s 50 day simple moving average is $24.70 and its 200 day simple moving average is $24.47.

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.