Ashton Thomas Private Wealth LLC Boosts Stock Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Ashton Thomas Private Wealth LLC grew its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 442,678 shares of the company’s stock after buying an additional 11,612 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $10,828,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in shares of Invesco Variable Rate Preferred ETF by 75,025.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock worth $71,000 after purchasing an additional 3,001 shares during the period. Key Financial Inc increased its stake in shares of Invesco Variable Rate Preferred ETF by 59.6% in the second quarter. Key Financial Inc now owns 3,370 shares of the company’s stock valued at $81,000 after purchasing an additional 1,259 shares during the period. ORG Partners LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the second quarter valued at approximately $140,000. Dynamic Advisor Solutions LLC bought a new stake in Invesco Variable Rate Preferred ETF during the 3rd quarter valued at $213,000. Finally, Proficio Capital Partners LLC boosted its position in Invesco Variable Rate Preferred ETF by 4.8% during the 3rd quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock worth $221,000 after acquiring an additional 415 shares during the period.

Invesco Variable Rate Preferred ETF Price Performance

Invesco Variable Rate Preferred ETF stock opened at $24.53 on Tuesday. Invesco Variable Rate Preferred ETF has a 52 week low of $22.23 and a 52 week high of $24.67. The company’s 50-day moving average price is $24.46 and its two-hundred day moving average price is $24.12.

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.