Kraft Davis & Associates LLC Purchases Shares of 60,144 Invesco Variable Rate Preferred ETF $VRP

Kraft Davis & Associates LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 60,144 shares of the company’s stock, valued at approximately $1,462,000.

Several other institutional investors also recently made changes to their positions in the stock. Advisory Services Network LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 1.4% during the 3rd quarter. Advisory Services Network LLC now owns 33,782 shares of the company’s stock worth $834,000 after buying an additional 458 shares during the last quarter. Equitable Holdings Inc. boosted its holdings in Invesco Variable Rate Preferred ETF by 3.8% in the fourth quarter. Equitable Holdings Inc. now owns 13,531 shares of the company’s stock valued at $329,000 after acquiring an additional 493 shares during the last quarter. Blair William & Co. IL grew its position in Invesco Variable Rate Preferred ETF by 7.7% during the fourth quarter. Blair William & Co. IL now owns 6,986 shares of the company’s stock valued at $170,000 after acquiring an additional 501 shares during the period. Corient Private Wealth LLC grew its position in Invesco Variable Rate Preferred ETF by 1.4% during the second quarter. Corient Private Wealth LLC now owns 36,992 shares of the company’s stock valued at $904,000 after acquiring an additional 520 shares during the period. Finally, Endowment Wealth Management Inc. increased its stake in Invesco Variable Rate Preferred ETF by 3.5% during the fourth quarter. Endowment Wealth Management Inc. now owns 16,481 shares of the company’s stock worth $401,000 after acquiring an additional 554 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Invesco Variable Rate Preferred ETF stock opened at $24.12 on Thursday. Invesco Variable Rate Preferred ETF has a 12 month low of $23.71 and a 12 month high of $24.93. The stock’s 50-day moving average is $24.24 and its 200-day moving average is $24.28.

Invesco Variable Rate Preferred ETF Company 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.