Meridian Wealth Management LLC Raises Stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Meridian Wealth Management LLC boosted its position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 7.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 212,303 shares of the company’s stock after purchasing an additional 13,869 shares during the period. Meridian Wealth Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $5,193,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC raised its holdings in Invesco Variable Rate Preferred ETF by 14.4% in the third quarter. CWM LLC now owns 31,991 shares of the company’s stock worth $783,000 after purchasing an additional 4,038 shares in the last quarter. Truist Financial Corp raised its holdings in Invesco Variable Rate Preferred ETF by 2.4% in 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 in the last quarter. Tidal Investments LLC raised its holdings in Invesco Variable Rate Preferred ETF by 8.9% in the first quarter. Tidal Investments LLC now owns 74,798 shares of the company’s stock worth $1,778,000 after purchasing an additional 6,142 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Invesco Variable Rate Preferred ETF by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock worth $23,228,000 after purchasing an additional 152,981 shares in the last quarter. Finally, Advisory Alpha LLC raised its holdings in Invesco Variable Rate Preferred ETF by 2.9% in the second quarter. Advisory Alpha LLC now owns 2,009,869 shares of the company’s stock worth $48,158,000 after purchasing an additional 57,456 shares in the last quarter.

Invesco Variable Rate Preferred ETF Trading Up 0.1 %

VRP opened at $24.34 on Friday. The stock has a fifty day simple moving average of $24.47 and a two-hundred day simple moving average of $24.16. Invesco Variable Rate Preferred ETF has a 12-month low of $22.36 and a 12-month high of $24.67.

Invesco Variable Rate Preferred ETF Company 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.