Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Large Volume Increase – Time to Buy?

Invesco Variable Rate Preferred ETF (NYSEARCA:VRPGet Free Report) shares saw strong trading volume on Wednesday . 1,593,218 shares traded hands during mid-day 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 Down 0.0%

The firm has a 50 day simple moving average of $24.32 and a two-hundred day simple moving average of $24.35.

Institutional Investors Weigh In On Invesco Variable Rate Preferred ETF

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter worth about $51,000. Private Trust Co. NA increased its holdings in shares of Invesco Variable Rate Preferred ETF by 165.2% in the fourth quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock worth $54,000 after acquiring an additional 1,376 shares in the last quarter. LFA Lugano Financial Advisors SA increased its holdings in shares of Invesco Variable Rate Preferred ETF by 136.8% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after acquiring an additional 2,927 shares in the last quarter. Luken Investment Analytics LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter worth about $135,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Invesco Variable Rate Preferred ETF in the first quarter worth about $141,000.

Invesco Variable Rate Preferred ETF Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Invesco Variable Rate Preferred ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Variable Rate Preferred ETF and related companies with MarketBeat.com's FREE daily email newsletter.