AlphaStar Capital Management LLC Decreases Holdings in Invesco Variable Rate Preferred ETF $VRP

AlphaStar Capital Management LLC decreased its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 90.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,035 shares of the company’s stock after selling 196,706 shares during the period. AlphaStar Capital Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Harbour Investments Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 58.2% during the 1st quarter. Harbour Investments Inc. now owns 4,490 shares of the company’s stock valued at $109,000 after acquiring an additional 1,652 shares during the period. Keybank National Association OH bought a new stake in shares of Invesco Variable Rate Preferred ETF during the 2nd quarter valued at $241,000. Geneos Wealth Management Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 6.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock valued at $276,000 after acquiring an additional 721 shares during the period. Endowment Wealth Management Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 5.1% during the 1st quarter. Endowment Wealth Management Inc. now owns 11,689 shares of the company’s stock valued at $283,000 after acquiring an additional 569 shares during the period. Finally, Kovack Advisors Inc. grew its position in shares of Invesco Variable Rate Preferred ETF by 12.3% during the 1st quarter. Kovack Advisors Inc. now owns 12,619 shares of the company’s stock valued at $306,000 after acquiring an additional 1,384 shares during the period.

Invesco Variable Rate Preferred ETF Price Performance

Shares of VRP stock opened at $24.63 on Friday. Invesco Variable Rate Preferred ETF has a 1 year low of $23.03 and a 1 year high of $24.93. The firm has a fifty day moving average price of $24.69 and a 200-day moving average price of $24.43.

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.