Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 1,593,218 shares were traded during trading, an increase of 141% from the previous session’s volume of 660,647 shares.The stock last traded at $24.41 and had previously closed at $24.40.
Invesco Variable Rate Preferred ETF Stock Performance
The company has a fifty day moving average of $24.32 and a two-hundred day moving average of $24.35.
Institutional Trading of Invesco Variable Rate Preferred ETF
Several hedge funds have recently added to or reduced their stakes in VRP. NewEdge Advisors LLC raised its holdings in Invesco Variable Rate Preferred ETF by 18.6% in the 1st quarter. NewEdge Advisors LLC now owns 16,791 shares of the company’s stock valued at $407,000 after acquiring an additional 2,636 shares in the last quarter. First Trust Advisors LP bought a new stake in Invesco Variable Rate Preferred ETF during the 2nd quarter worth $440,000. Qube Research & Technologies Ltd grew its position in Invesco Variable Rate Preferred ETF by 33.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 14,721 shares of the company’s stock worth $360,000 after acquiring an additional 3,704 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 2nd quarter valued at about $220,000. Finally, Diversify Wealth Management LLC grew its position in shares of Invesco Variable Rate Preferred ETF by 54.4% in the 2nd quarter. Diversify Wealth Management LLC now owns 27,411 shares of the company’s stock valued at $673,000 after buying an additional 9,663 shares during the last quarter.
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.
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