Silver Oak Securities Incorporated Purchases Shares of 24,609 Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Silver Oak Securities Incorporated acquired a new position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 24,609 shares of the company’s stock, valued at approximately $598,000.

Several other large investors have also made changes to their positions in the business. Stratos Wealth Partners LTD. bought a new stake in Invesco Variable Rate Preferred ETF in the 4th quarter valued at $219,000. New Millennium Group LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 53.4% during the fourth quarter. New Millennium Group LLC now owns 102,502 shares of the company’s stock valued at $2,480,000 after buying an additional 35,688 shares during the last quarter. Synergy Asset Management LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF by 92.9% in the fourth quarter. Synergy Asset Management LLC now owns 33,174 shares of the company’s stock valued at $808,000 after buying an additional 15,980 shares during the period. Nilsine Partners LLC grew its position in Invesco Variable Rate Preferred ETF by 12.4% during the fourth quarter. Nilsine Partners LLC now owns 199,126 shares of the company’s stock worth $4,817,000 after buying an additional 21,905 shares in the last quarter. Finally, PFG Investments LLC increased its stake in Invesco Variable Rate Preferred ETF by 40.6% during the fourth quarter. PFG Investments LLC now owns 23,955 shares of the company’s stock valued at $579,000 after acquiring an additional 6,923 shares during the period.

Invesco Variable Rate Preferred ETF Trading Down 0.1 %

Shares of VRP stock opened at $24.39 on Friday. Invesco Variable Rate Preferred ETF has a 12 month low of $23.32 and a 12 month high of $24.67. The stock has a 50 day moving average of $24.32 and a two-hundred day moving average of $24.31.

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.