Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Stock Position Increased by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC boosted its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 17.5% during the 4th quarter, HoldingsChannel reports. The firm owned 34,475 shares of the company’s stock after buying an additional 5,135 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $834,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Boyd Watterson Asset Management LLC OH acquired a new position in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $27,000. Coastline Trust Co acquired a new position in Invesco Variable Rate Preferred ETF during the 3rd quarter valued at about $142,000. Zhang Financial LLC acquired a new position in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $202,000. Partners Wealth Management LLC acquired a new position in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $212,000. Finally, Proficio Capital Partners LLC increased its stake 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 valued at $221,000 after buying an additional 415 shares during the period.

Invesco Variable Rate Preferred ETF Price Performance

Invesco Variable Rate Preferred ETF stock opened at $24.49 on Monday. The company’s 50-day moving average price is $24.32 and its two-hundred day moving average price is $24.36. Invesco Variable Rate Preferred ETF has a 52 week low of $23.40 and a 52 week high of $24.67.

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.