Ocean Park Asset Management LLC Buys 214,300 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Ocean Park Asset Management LLC increased its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 54.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,200 shares of the company’s stock after buying an additional 214,300 shares during the quarter. Ocean Park Asset Management LLC owned about 0.89% of Invesco Variable Rate Preferred ETF worth $14,761,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VRP. Proficio Capital Partners LLC grew its holdings in shares of 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 worth $221,000 after purchasing an additional 415 shares in the last quarter. Truist Financial Corp lifted its position in Invesco Variable Rate Preferred ETF by 2.4% during the second quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock worth $426,000 after purchasing an additional 421 shares during the period. MFA Wealth Advisors LLC grew its stake in Invesco Variable Rate Preferred ETF by 2.0% during the third quarter. MFA Wealth Advisors LLC now owns 22,976 shares of the company’s stock worth $562,000 after buying an additional 461 shares in the last quarter. Burke & Herbert Bank & Trust Co. increased its holdings 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 buying an additional 485 shares during the period. Finally, Kovack Advisors Inc. raised its position in shares of Invesco Variable Rate Preferred ETF by 7.1% in the 3rd quarter. Kovack Advisors Inc. now owns 10,350 shares of the company’s stock valued at $253,000 after buying an additional 685 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Up 0.2 %

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.44 on Tuesday. The company has a 50 day moving average of $24.32 and a 200-day moving average of $24.32. Invesco Variable Rate Preferred ETF has a 1-year low of $23.37 and a 1-year 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.