Burke & Herbert Bank & Trust Co. Acquires 485 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Burke & Herbert Bank & Trust Co. grew its holdings in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,965 shares of the company’s stock after acquiring an additional 485 shares during the period. Burke & Herbert Bank & Trust Co. owned about 0.09% of Invesco Variable Rate Preferred ETF worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in Invesco Variable Rate Preferred ETF by 75,025.0% during the first quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock valued at $71,000 after purchasing an additional 3,001 shares during the period. Key Financial Inc raised its stake in Invesco Variable Rate Preferred ETF by 59.6% during the 2nd quarter. Key Financial Inc now owns 3,370 shares of the company’s stock worth $81,000 after acquiring an additional 1,259 shares during the period. ORG Partners LLC purchased a new position in Invesco Variable Rate Preferred ETF during the second quarter valued at approximately $140,000. MGB Wealth Management LLC boosted its position in shares of Invesco Variable Rate Preferred ETF by 19.6% in the first quarter. MGB Wealth Management LLC now owns 7,937 shares of the company’s stock worth $189,000 after purchasing an additional 1,300 shares during the period. Finally, Kovack Advisors Inc. purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the first quarter worth $205,000.

Invesco Variable Rate Preferred ETF Trading Up 0.1 %

VRP stock traded up $0.03 during trading on Friday, reaching $24.49. The company’s stock had a trading volume of 88,639 shares, compared to its average volume of 373,653. The company’s fifty day moving average is $24.39 and its 200-day moving average is $24.04. Invesco Variable Rate Preferred ETF has a 1 year low of $21.60 and a 1 year 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.