Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Free Report) saw an uptick in trading volume on Thursday . Approximately 754,538 shares traded hands during mid-day trading, an increase of 21% from the previous session’s volume of 621,093 shares.The stock last traded at $24.1350 and had previously closed at $24.05.
Invesco Variable Rate Preferred ETF Trading Down 0.2%
The firm’s fifty day moving average price is $24.17 and its two-hundred day moving average price is $24.25.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Stephens Inc. AR grew its stake in Invesco Variable Rate Preferred ETF by 4.6% in the first quarter. Stephens Inc. AR now owns 1,478,797 shares of the company’s stock valued at $35,462,000 after acquiring an additional 64,978 shares during the period. HighTower Advisors LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 1.0% during the fourth quarter. HighTower Advisors LLC now owns 1,159,648 shares of the company’s stock worth $28,214,000 after purchasing an additional 11,211 shares during the period. Insight Wealth Strategies LLC bought a new position in shares of Invesco Variable Rate Preferred ETF in the 2nd quarter worth $22,654,000. Sanctuary Advisors LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 6.5% in the 1st quarter. Sanctuary Advisors LLC now owns 417,981 shares of the company’s stock worth $10,023,000 after purchasing an additional 25,629 shares in the last quarter. Finally, Matthew Goff Investment Advisor LLC bought a new position in shares of Invesco Variable Rate Preferred ETF in the 1st quarter worth $9,708,000.
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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