Simplicity Wealth LLC Buys 40,654 Shares of Invesco Variable Rate Preferred ETF $VRP

Simplicity Wealth LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 36.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,322 shares of the company’s stock after purchasing an additional 40,654 shares during the quarter. Simplicity Wealth LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $3,612,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in VRP. Atwood & Palmer Inc. acquired a new position in Invesco Variable Rate Preferred ETF during the third quarter valued at approximately $43,000. International Assets Investment Management LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 51.4% in the first 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 bought a new position in shares of Invesco Variable Rate Preferred ETF in the first quarter valued at approximately $141,000. Coastline Trust Co acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the third quarter worth $154,000. Finally, Barrett & Company Inc. acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the third quarter worth $161,000.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of Invesco Variable Rate Preferred ETF stock opened at $23.56 on Monday. The firm has a fifty day simple moving average of $23.91 and a 200-day simple moving average of $24.17. Invesco Variable Rate Preferred ETF has a 1-year low of $23.47 and a 1-year high of $24.75.

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.