Unified Investment Management Purchases Shares of 15,412 Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Unified Investment Management bought a new stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,412 shares of the company’s stock, valued at approximately $373,000.

Several other hedge funds also recently made changes to their positions in the business. Stephens Inc. AR lifted its stake in shares of Invesco Variable Rate Preferred ETF by 1.3% in the 4th quarter. Stephens Inc. AR now owns 1,431,932 shares of the company’s stock valued at $34,638,000 after acquiring an additional 17,757 shares during the last quarter. Spectrum Asset Management Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 1,293.9% during the 4th quarter. Spectrum Asset Management Inc. now owns 863,487 shares of the company’s stock valued at $20,888,000 after acquiring an additional 801,539 shares during the period. HighTower Advisors LLC increased its position in Invesco Variable Rate Preferred ETF by 16.9% in the 3rd quarter. HighTower Advisors LLC now owns 854,864 shares of the company’s stock valued at $20,909,000 after buying an additional 123,324 shares in the last quarter. Ocean Park Asset Management LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 54.1% in the 4th quarter. Ocean Park Asset Management LLC now owns 610,200 shares of the company’s stock worth $14,761,000 after purchasing an additional 214,300 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 814.2% during the third quarter. Benjamin Edwards Inc. now owns 536,706 shares of the company’s stock valued at $13,128,000 after buying an additional 478,001 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Invesco Variable Rate Preferred ETF stock opened at $24.46 on Monday. Invesco Variable Rate Preferred ETF has a 52 week low of $23.40 and a 52 week high of $24.67. The company’s 50 day moving average price is $24.32 and its two-hundred day moving average price is $24.38.

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.