HighTower Advisors LLC Boosts Stock Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

HighTower Advisors LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 953,200 shares of the company’s stock after buying an additional 98,336 shares during the quarter. HighTower Advisors LLC owned 1.40% of Invesco Variable Rate Preferred ETF worth $23,058,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Beta Wealth Group Inc. boosted its stake in Invesco Variable Rate Preferred ETF by 0.8% during the 4th quarter. Beta Wealth Group Inc. now owns 49,330 shares of the company’s stock valued at $1,193,000 after acquiring an additional 413 shares during the last quarter. Kovack Advisors Inc. raised its stake 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 purchasing an additional 685 shares in the last quarter. Endowment Wealth Management Inc. increased its holdings in Invesco Variable Rate Preferred ETF by 7.6% in the fourth quarter. Endowment Wealth Management Inc. now owns 11,120 shares of the company’s stock valued at $269,000 after buying an additional 788 shares during the last quarter. J. W. Coons Advisors LLC increased its holdings in Invesco Variable Rate Preferred ETF by 3.6% in the third quarter. J. W. Coons Advisors LLC now owns 29,340 shares of the company’s stock valued at $718,000 after buying an additional 1,010 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new stake in Invesco Variable Rate Preferred ETF during the fourth quarter valued at approximately $27,000.

Invesco Variable Rate Preferred ETF Trading Up 0.2 %

Shares of VRP opened at $24.25 on Friday. Invesco Variable Rate Preferred ETF has a 52 week low of $23.40 and a 52 week high of $24.67. The stock has a 50 day moving average of $24.33 and a 200-day moving average of $24.38.

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.