Endowment Wealth Management Inc. Acquires 1,138 Shares of Invesco Variable Rate Preferred ETF $VRP

Endowment Wealth Management Inc. grew its holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 9.7% in the second quarter, HoldingsChannel reports. The fund owned 12,827 shares of the company’s stock after buying an additional 1,138 shares during the period. Endowment Wealth Management Inc.’s holdings in Invesco Variable Rate Preferred ETF were worth $314,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of Invesco Variable Rate Preferred ETF by 5.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 93,841 shares of the company’s stock valued at $2,275,000 after acquiring an additional 5,240 shares during the period. Envestnet Asset Management Inc. raised its stake in Invesco Variable Rate Preferred ETF by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 1,310,237 shares of the company’s stock valued at $31,760,000 after purchasing an additional 153,679 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Invesco Variable Rate Preferred ETF by 2.3% in the first quarter. Janney Montgomery Scott LLC now owns 300,144 shares of the company’s stock valued at $7,276,000 after purchasing an additional 6,822 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Invesco Variable Rate Preferred ETF by 5.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 188,339 shares of the company’s stock valued at $4,565,000 after purchasing an additional 10,015 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Invesco Variable Rate Preferred ETF by 135.9% in the first quarter. Farther Finance Advisors LLC now owns 15,407 shares of the company’s stock valued at $374,000 after purchasing an additional 8,876 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Down 0.4%

VRP stock opened at $24.66 on Monday. The business has a 50-day simple moving average of $24.66 and a 200 day simple moving average of $24.34. Invesco Variable Rate Preferred ETF has a 52 week low of $23.03 and a 52 week high of $24.93.

About Invesco Variable Rate Preferred ETF

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.