Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Free Report) saw strong trading volume on Monday . 1,477,978 shares changed hands during mid-day trading, an increase of 132% from the previous session’s volume of 636,227 shares.The stock last traded at $24.19 and had previously closed at $24.14.
Invesco Variable Rate Preferred ETF Price Performance
The business’s 50-day moving average is $24.32 and its 200 day moving average is $24.33.
Institutional Trading of Invesco Variable Rate Preferred ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter valued at $51,000. Private Trust Co. NA lifted its position in shares of 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 during the period. LFA Lugano Financial Advisors SA lifted its holdings in 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 buying an additional 2,927 shares during the period. Luken Investment Analytics LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the fourth quarter valued at approximately $135,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Invesco Variable Rate Preferred ETF during the 1st quarter valued at $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.
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