Synergy Asset Management LLC Buys 44,555 Shares of Invesco Variable Rate Preferred ETF $VRP

Synergy Asset Management LLC lifted its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 212.2% during the third quarter, Holdings Channel reports. The fund owned 65,550 shares of the company’s stock after acquiring an additional 44,555 shares during the quarter. Synergy Asset Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $1,609,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its position in Invesco Variable Rate Preferred ETF by 18.6% during the first quarter. NewEdge Advisors LLC now owns 16,791 shares of the company’s stock worth $407,000 after purchasing an additional 2,636 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 290.8% during the 1st quarter. Jones Financial Companies Lllp now owns 112,342 shares of the company’s stock worth $2,723,000 after buying an additional 83,597 shares during the period. Alaethes Wealth LLC acquired a new position in Invesco Variable Rate Preferred ETF in the 1st quarter valued at $325,000. Integrity Alliance LLC. bought a new position in Invesco Variable Rate Preferred ETF in the 1st quarter worth $5,335,000. Finally, Geneos Wealth Management Inc. lifted its position in Invesco Variable Rate Preferred ETF by 6.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock worth $276,000 after acquiring an additional 721 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

VRP stock opened at $24.38 on Friday. The company has a 50-day moving average of $24.48 and a two-hundred day moving average of $24.55. Invesco Variable Rate Preferred ETF has a 52-week low of $23.03 and a 52-week high of $24.93.

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.