Ashton Thomas Private Wealth LLC Grows Position in Invesco Variable Rate Preferred ETF $VRP

Ashton Thomas Private Wealth LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 391,247 shares of the company’s stock after purchasing an additional 15,762 shares during the quarter. Ashton Thomas Private Wealth LLC owned approximately 0.45% of Invesco Variable Rate Preferred ETF worth $9,566,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the first quarter valued at about $35,000. Harbour Investments Inc. increased its position in shares of Invesco Variable Rate Preferred ETF by 58.2% during the first quarter. Harbour Investments Inc. now owns 4,490 shares of the company’s stock valued at $109,000 after buying an additional 1,652 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Invesco Variable Rate Preferred ETF by 6.8% during the first quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock valued at $276,000 after buying an additional 721 shares during the period. Endowment Wealth Management Inc. increased its position in shares of Invesco Variable Rate Preferred ETF by 5.1% during the first quarter. Endowment Wealth Management Inc. now owns 11,689 shares of the company’s stock valued at $283,000 after buying an additional 569 shares during the period. Finally, Kovack Advisors Inc. increased its position in shares of Invesco Variable Rate Preferred ETF by 12.3% during the first quarter. Kovack Advisors Inc. now owns 12,619 shares of the company’s stock valued at $306,000 after buying an additional 1,384 shares during the period.

Invesco Variable Rate Preferred ETF Trading Up 0.2%

Shares of VRP opened at $24.68 on Monday. The business’s 50-day moving average price is $24.68 and its 200-day moving average price is $24.40. Invesco Variable Rate Preferred ETF has a twelve month low of $23.03 and a twelve month 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.