First Allied Advisory Services Inc. Makes New Investment in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

First Allied Advisory Services Inc. bought a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 35,099 shares of the company’s stock, valued at approximately $890,000.

Other hedge funds have also recently bought and sold shares of the company. Centaurus Financial Inc. purchased a new position in shares of Invesco Variable Rate Preferred ETF during the 2nd quarter worth approximately $160,000. MD Financial Management Inc. purchased a new position in shares of Invesco Variable Rate Preferred ETF during the 2nd quarter worth approximately $17,917,000. Altium Wealth Management LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 8.9% during the 2nd quarter. Altium Wealth Management LLC now owns 26,195 shares of the company’s stock worth $653,000 after acquiring an additional 2,145 shares during the period. Pinnacle Associates Ltd. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 2.2% during the 2nd quarter. Pinnacle Associates Ltd. now owns 117,682 shares of the company’s stock worth $2,934,000 after acquiring an additional 2,503 shares during the period. Finally, NEXT Financial Group Inc grew its holdings in shares of Invesco Variable Rate Preferred ETF by 27.6% during the 2nd quarter. NEXT Financial Group Inc now owns 7,425 shares of the company’s stock worth $185,000 after acquiring an additional 1,607 shares during the period.

VRP stock opened at $25.82 on Monday. Invesco Variable Rate Preferred ETF has a fifty-two week low of $22.26 and a fifty-two week high of $25.82. The business’s 50 day moving average price is $25.54 and its two-hundred day moving average price is $25.17.

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Institutional Ownership by Quarter for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

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