Synergy Asset Management LLC Buys 15,980 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Synergy Asset Management LLC increased its stake in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 92.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,174 shares of the company’s stock after purchasing an additional 15,980 shares during the quarter. Synergy Asset Management LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $808,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. CWM LLC raised its stake in shares of Invesco Variable Rate Preferred ETF by 14.4% in the third quarter. CWM LLC now owns 31,991 shares of the company’s stock valued at $783,000 after buying an additional 4,038 shares during the period. Truist Financial Corp raised its stake in Invesco Variable Rate Preferred ETF by 2.4% in the 2nd quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock valued at $426,000 after acquiring an additional 421 shares during the period. NewEdge Advisors LLC lifted its holdings in Invesco Variable Rate Preferred ETF by 25,072.1% during the second quarter. NewEdge Advisors LLC now owns 72,244 shares of the company’s stock valued at $1,731,000 after purchasing an additional 71,957 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Invesco Variable Rate Preferred ETF by 20.2% during the second quarter. Thrivent Financial for Lutherans now owns 43,953 shares of the company’s stock worth $1,053,000 after purchasing an additional 7,400 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 2.7% in the third quarter. Ashton Thomas Private Wealth LLC now owns 442,678 shares of the company’s stock worth $10,828,000 after purchasing an additional 11,612 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA VRP opened at $24.30 on Thursday. The company’s 50 day moving average is $24.33 and its 200-day moving average is $24.30. Invesco Variable Rate Preferred ETF has a 12-month low of $23.32 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.