Zhang Financial LLC Makes New $202,000 Investment in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Zhang Financial LLC acquired a new stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,360 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Proficio Capital Partners LLC lifted its position in Invesco Variable Rate Preferred ETF by 4.8% in the third quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock valued at $221,000 after acquiring an additional 415 shares during the last quarter. Truist Financial Corp raised its stake in shares of Invesco Variable Rate Preferred ETF by 2.4% during the 2nd quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock worth $426,000 after buying an additional 421 shares in the last quarter. MFA Wealth Advisors LLC boosted its position in shares of Invesco Variable Rate Preferred ETF by 2.0% during the 3rd quarter. MFA Wealth Advisors LLC now owns 22,976 shares of the company’s stock worth $562,000 after purchasing an additional 461 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Invesco Variable Rate Preferred ETF by 2.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 24,188 shares of the company’s stock worth $580,000 after buying an additional 481 shares during the period. Finally, Burke & Herbert Bank & Trust Co. increased its stake in Invesco Variable Rate Preferred ETF by 0.8% in the 3rd quarter. Burke & Herbert Bank & Trust Co. now owns 59,965 shares of the company’s stock valued at $1,467,000 after purchasing an additional 485 shares in the last quarter.

Invesco Variable Rate Preferred ETF Trading Up 0.2 %

VRP stock opened at $24.33 on Tuesday. Invesco Variable Rate Preferred ETF has a 12 month low of $23.24 and a 12 month high of $24.67. The company’s 50 day simple moving average is $24.35 and its 200-day simple moving average is $24.30.

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.