Wealthcare Advisory Partners LLC Increases Position in Invesco Variable Rate Preferred ETF $VRP

Wealthcare Advisory Partners LLC grew its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 16.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,211 shares of the company’s stock after purchasing an additional 46,223 shares during the period. Wealthcare Advisory Partners LLC owned approximately 0.26% of Invesco Variable Rate Preferred ETF worth $7,882,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at $51,000. Private Trust Co. NA lifted its stake in Invesco Variable Rate Preferred ETF by 165.2% during the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock worth $54,000 after acquiring an additional 1,376 shares in the last quarter. LFA Lugano Financial Advisors SA lifted its stake in Invesco Variable Rate Preferred ETF by 136.8% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after acquiring an additional 2,927 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $135,000. Finally, Ascentis Independent Advisors purchased a new position in Invesco Variable Rate Preferred ETF during the 1st quarter valued at about $141,000.

Invesco Variable Rate Preferred ETF Stock Down 0.1%

NYSEARCA VRP opened at $24.20 on Wednesday. The stock has a 50-day moving average of $24.30 and a two-hundred day moving average of $24.32. Invesco Variable Rate Preferred ETF has a 1-year low of $23.71 and a 1-year 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.