177,834 Shares in Invesco Variable Rate Preferred ETF $VRP Bought by Eagle Harbor Asset Management Inc. ADV

Eagle Harbor Asset Management Inc. ADV purchased a new stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 177,834 shares of the company’s stock, valued at approximately $4,216,000. Invesco Variable Rate Preferred ETF makes up 3.2% of Eagle Harbor Asset Management Inc. ADV’s holdings, making the stock its 6th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in VRP. Atwood & Palmer Inc. acquired a new position in Invesco Variable Rate Preferred ETF in the 3rd quarter worth $43,000. International Assets Investment Management LLC raised its stake in shares of Invesco Variable Rate Preferred ETF by 51.4% in the 1st quarter. International Assets Investment Management LLC now owns 3,180 shares of the company’s stock valued at $77,000 after purchasing an additional 1,080 shares during the period. Ascentis Independent Advisors acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the 1st quarter valued at about $141,000. Coastline Trust Co bought a new stake in shares of Invesco Variable Rate Preferred ETF in the third quarter valued at about $154,000. Finally, LFA Lugano Financial Advisors SA lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 83.8% in the first quarter. LFA Lugano Financial Advisors SA now owns 9,313 shares of the company’s stock valued at $222,000 after purchasing an additional 4,246 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of Invesco Variable Rate Preferred ETF stock opened at $23.53 on Wednesday. The business’s 50 day simple moving average is $23.95 and its 200 day simple moving average is $24.18. Invesco Variable Rate Preferred ETF has a 52-week low of $23.47 and a 52-week high of $24.85.

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.