Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday. The company traded as low as $23.49 and last traded at $23.5250, with a volume of 41,402 shares traded. The stock had previously closed at $23.66.
Invesco Variable Rate Preferred ETF Price Performance
The firm’s 50-day moving average is $23.98 and its 200 day moving average is $24.19.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Stephens Inc. AR lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 4.6% during the first quarter. Stephens Inc. AR now owns 1,478,797 shares of the company’s stock worth $35,462,000 after purchasing an additional 64,978 shares during the period. Insight Wealth Strategies LLC purchased a new position in Invesco Variable Rate Preferred ETF in the 2nd quarter valued at $22,654,000. Sanctuary Advisors LLC increased its stake in 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 valued at $10,023,000 after buying an additional 25,629 shares during the period. Matthew Goff Investment Advisor LLC acquired a new position in Invesco Variable Rate Preferred ETF in the 1st quarter valued at $9,708,000. Finally, Janney Montgomery Scott LLC increased its stake in Invesco Variable Rate Preferred ETF by 13.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 393,325 shares of the company’s stock valued at $9,432,000 after buying an additional 46,747 shares during the period.
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.
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