Gladstone Institutional Advisory LLC Grows Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Gladstone Institutional Advisory LLC grew its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 52.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,459 shares of the company’s stock after buying an additional 5,650 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $380,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Invesco Variable Rate Preferred ETF by 127.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 536,208 shares of the company’s stock valued at $11,995,000 after purchasing an additional 300,826 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter valued at $69,000. Advisory Alpha LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 1.8% in the 4th quarter. Advisory Alpha LLC now owns 1,851,516 shares of the company’s stock valued at $42,735,000 after purchasing an additional 32,876 shares in the last quarter. Wright Fund Management LLC boosted its stake in shares of Invesco Variable Rate Preferred ETF by 167.3% in the 4th quarter. Wright Fund Management LLC now owns 224,800 shares of the company’s stock valued at $5,188,000 after purchasing an additional 140,700 shares in the last quarter. Finally, Seed Wealth Management Inc. boosted its position in Invesco Variable Rate Preferred ETF by 3.0% during the 4th quarter. Seed Wealth Management Inc. now owns 148,160 shares of the company’s stock valued at $3,414,000 after buying an additional 4,380 shares during the period.

Invesco Variable Rate Preferred ETF Price Performance

Shares of VRP opened at $23.80 on Friday. The firm has a fifty day simple moving average of $23.71 and a two-hundred day simple moving average of $23.32. Invesco Variable Rate Preferred ETF has a twelve month low of $21.60 and a twelve month high of $23.99.

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.