Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Stock Position Increased by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC boosted its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 20.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,857 shares of the company’s stock after buying an additional 18,418 shares during the quarter. AlphaStar Capital Management LLC owned 0.16% of Invesco Variable Rate Preferred ETF worth $2,633,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 14.4% during the third quarter. CWM LLC now owns 31,991 shares of the company’s stock worth $783,000 after purchasing an additional 4,038 shares during the period. Truist Financial Corp raised its holdings in 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 during the period. Ashton Thomas Private Wealth LLC lifted its stake in Invesco Variable Rate Preferred ETF by 2.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 442,678 shares of the company’s stock valued at $10,828,000 after buying an additional 11,612 shares in the last quarter. New Millennium Group LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF in the third quarter worth about $1,634,000. Finally, Estate Counselors LLC increased its position in shares of Invesco Variable Rate Preferred ETF by 0.3% in the third quarter. Estate Counselors LLC now owns 332,505 shares of the company’s stock worth $8,133,000 after acquiring an additional 1,110 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

VRP stock opened at $24.39 on Friday. Invesco Variable Rate Preferred ETF has a 52-week low of $23.32 and a 52-week high of $24.67. The company’s 50 day simple moving average is $24.32 and its 200-day simple moving average is $24.31.

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.