69,015 Shares in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Bought by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. purchased a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,015 shares of the company’s stock, valued at approximately $1,673,000. Foresight Capital Management Advisors Inc. owned approximately 0.08% of Invesco Variable Rate Preferred ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in VRP. Bank of New York Mellon Corp lifted its holdings in Invesco Variable Rate Preferred ETF by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 24,078 shares of the company’s stock valued at $582,000 after purchasing an additional 1,446 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Invesco Variable Rate Preferred ETF during the fourth quarter valued at $498,000. Deutsche Bank AG purchased a new position in Invesco Variable Rate Preferred ETF during the fourth quarter valued at $248,000. Truist Financial Corp lifted its holdings in Invesco Variable Rate Preferred ETF by 8.3% during the fourth quarter. Truist Financial Corp now owns 17,760 shares of the company’s stock valued at $430,000 after purchasing an additional 1,363 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in Invesco Variable Rate Preferred ETF by 238.7% during the fourth quarter. Harbour Investments Inc. now owns 2,838 shares of the company’s stock valued at $69,000 after purchasing an additional 2,000 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Up 0.1%

VRP opened at $24.33 on Wednesday. Invesco Variable Rate Preferred ETF has a 52-week low of $23.03 and a 52-week high of $24.67. The firm’s fifty day simple moving average is $23.96 and its two-hundred day simple moving average is $24.21.

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.