Burke & Herbert Bank & Trust Co. Acquires 2,800 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Burke & Herbert Bank & Trust Co. increased its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,765 shares of the company’s stock after acquiring an additional 2,800 shares during the period. Burke & Herbert Bank & Trust Co. owned approximately 0.09% of Invesco Variable Rate Preferred ETF worth $1,518,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Principal Financial Group Inc. bought a new stake in Invesco Variable Rate Preferred ETF during the fourth quarter worth about $498,000. Spectrum Asset Management Inc. boosted its stake in Invesco Variable Rate Preferred ETF by 1,293.9% during the fourth quarter. Spectrum Asset Management Inc. now owns 863,487 shares of the company’s stock worth $20,888,000 after acquiring an additional 801,539 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Invesco Variable Rate Preferred ETF by 14.6% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 20,083 shares of the company’s stock worth $486,000 after acquiring an additional 2,559 shares in the last quarter. James Investment Research Inc. boosted its stake in Invesco Variable Rate Preferred ETF by 25.5% during the fourth quarter. James Investment Research Inc. now owns 60,479 shares of the company’s stock worth $1,463,000 after acquiring an additional 12,300 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in Invesco Variable Rate Preferred ETF by 1.5% during the fourth quarter. Principal Securities Inc. now owns 171,480 shares of the company’s stock worth $4,148,000 after acquiring an additional 2,487 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA:VRP opened at $24.49 on Monday. Invesco Variable Rate Preferred ETF has a one year low of $23.40 and a one year high of $24.67. The company’s 50-day simple moving average is $24.32 and its 200 day simple moving average is $24.34.

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.