Burke & Herbert Bank & Trust Co. purchased a new position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 32,035 shares of the company’s stock, valued at approximately $760,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Pekin Hardy Strauss Inc. acquired a new stake in Invesco Variable Rate Preferred ETF during the third quarter valued at approximately $645,000. Kestra Advisory Services LLC grew its position in Invesco Variable Rate Preferred ETF by 3.8% in the third quarter. Kestra Advisory Services LLC now owns 79,920 shares of the company’s stock worth $1,895,000 after buying an additional 2,907 shares during the last quarter. Howard Wealth Management LLC grew its position in Invesco Variable Rate Preferred ETF by 3.9% in the third quarter. Howard Wealth Management LLC now owns 107,052 shares of the company’s stock worth $2,538,000 after buying an additional 3,972 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Invesco Variable Rate Preferred ETF in the third quarter valued at $1,606,000. Finally, Foresight Capital Management Advisors Inc. increased its holdings in shares of Invesco Variable Rate Preferred ETF by 0.7% in the third quarter. Foresight Capital Management Advisors Inc. now owns 71,536 shares of the company’s stock valued at $1,696,000 after buying an additional 524 shares in the last quarter.
Invesco Variable Rate Preferred ETF Price Performance
Shares of NYSEARCA:VRP traded up $0.06 on Friday, reaching $23.70. 1,251,272 shares of the company traded hands, compared to its average volume of 649,254. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.47 and a fifty-two week high of $24.68. The company’s 50 day moving average is $23.81 and its 200-day moving average is $24.18.
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.
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