Boyd Watterson Asset Management LLC OH Takes Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Boyd Watterson Asset Management LLC OH acquired a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,099 shares of the company’s stock, valued at approximately $27,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Beta Wealth Group Inc. lifted its stake in Invesco Variable Rate Preferred ETF by 0.8% during the fourth quarter. Beta Wealth Group Inc. now owns 49,330 shares of the company’s stock worth $1,193,000 after purchasing an additional 413 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Invesco Variable Rate Preferred ETF by 4.8% in the third 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 in the last quarter. Burke & Herbert Bank & Trust Co. raised its holdings in shares of 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. Kovack Advisors Inc. lifted its stake in Invesco Variable Rate Preferred ETF by 7.1% during the 3rd quarter. Kovack Advisors Inc. now owns 10,350 shares of the company’s stock worth $253,000 after acquiring an additional 685 shares in the last quarter. Finally, J. W. Coons Advisors LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 3.6% during the 3rd quarter. J. W. Coons Advisors LLC now owns 29,340 shares of the company’s stock valued at $718,000 after acquiring an additional 1,010 shares during the period.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA VRP opened at $24.49 on Friday. The stock has a 50-day moving average of $24.32 and a two-hundred day moving average of $24.35. Invesco Variable Rate Preferred ETF has a 1-year low of $23.40 and a 1-year high of $24.67.

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.