Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Unusually-High Trading Volume – Time to Buy?

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw strong trading volume on Thursday . 699,346 shares were traded during mid-day trading, an increase of 8% from the previous session’s volume of 648,449 shares.The stock last traded at $24.40 and had previously closed at $24.34.

Invesco Variable Rate Preferred ETF Stock Performance

The stock’s fifty day moving average price is $24.33 and its 200-day moving average price is $24.35.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

A number of institutional investors and hedge funds have recently bought and sold shares of VRP. International Assets Investment Management LLC purchased a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $51,000. Private Trust Co. NA lifted its stake in Invesco Variable Rate Preferred ETF by 165.2% in the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock worth $54,000 after purchasing an additional 1,376 shares in the last quarter. LFA Lugano Financial Advisors SA lifted its stake in Invesco Variable Rate Preferred ETF by 136.8% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after purchasing an additional 2,927 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF during the 4th quarter worth approximately $135,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Invesco Variable Rate Preferred ETF during the 1st quarter worth approximately $141,000.

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.