LWS Wealth Advisors Inc. Makes New Investment in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

LWS Wealth Advisors Inc. purchased a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,302 shares of the company’s stock, valued at approximately $679,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Atwood & Palmer Inc. increased its holdings in Invesco Variable Rate Preferred ETF by 5.3% during the 3rd quarter. Atwood & Palmer Inc. now owns 728,924 shares of the company’s stock worth $18,529,000 after purchasing an additional 36,497 shares during the period. Stephens Inc. AR increased its holdings in shares of Invesco Variable Rate Preferred ETF by 21.9% in the 3rd quarter. Stephens Inc. AR now owns 646,637 shares of the company’s stock valued at $16,437,000 after acquiring an additional 116,188 shares during the last quarter. MD Financial Management Inc. increased its holdings in shares of Invesco Variable Rate Preferred ETF by 62.1% in the 4th quarter. MD Financial Management Inc. now owns 337,234 shares of the company’s stock valued at $8,711,000 after acquiring an additional 129,250 shares during the last quarter. Coastline Trust Co increased its holdings in shares of Invesco Variable Rate Preferred ETF by 4.7% in the 4th quarter. Coastline Trust Co now owns 334,220 shares of the company’s stock valued at $8,633,000 after acquiring an additional 14,900 shares during the last quarter. Finally, Northern Oak Wealth Management Inc. increased its holdings in shares of Invesco Variable Rate Preferred ETF by 4.9% in the 4th quarter. Northern Oak Wealth Management Inc. now owns 330,343 shares of the company’s stock valued at $8,533,000 after acquiring an additional 15,427 shares during the last quarter.

VRP opened at $26.35 on Friday. Invesco Variable Rate Preferred ETF has a one year low of $24.13 and a one year high of $26.46. The business’s 50-day simple moving average is $26.00 and its 200-day simple moving average is $25.61.

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a $0.0937 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.27%.

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

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