Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Free Report) saw unusually-strong trading volume on Thursday. 2,818,279 shares changed hands during mid-day trading, an increase of 337% from the average daily volume of 645,003 shares. The stock last traded at $23.5650 and had previously closed at $23.65.
Invesco Variable Rate Preferred ETF Stock Down 0.4%
The firm’s 50 day simple moving average is $23.88 and its 200 day simple moving average is $24.21.
Institutional Trading of Invesco Variable Rate Preferred ETF
Large investors have recently added to or reduced their stakes in the business. Foresight Capital Management Advisors Inc. grew its position in Invesco Variable Rate Preferred ETF by 0.7% during the third quarter. Foresight Capital Management Advisors Inc. now owns 71,536 shares of the company’s stock valued at $1,696,000 after purchasing an additional 524 shares in the last quarter. Apella Capital LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 0.6% in the third quarter. Apella Capital LLC now owns 118,670 shares of the company’s stock worth $2,812,000 after acquiring an additional 670 shares during the last quarter. Elevation Point Wealth Partners LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 4.9% during the first quarter. Elevation Point Wealth Partners LLC now owns 14,973 shares of the company’s stock worth $359,000 after acquiring an additional 699 shares in the last quarter. Brown Lisle Cummings Inc. boosted its position in Invesco Variable Rate Preferred ETF by 4.9% during the third quarter. Brown Lisle Cummings Inc. now owns 18,352 shares of the company’s stock valued at $435,000 after purchasing an additional 855 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC boosted its position in Invesco Variable Rate Preferred ETF by 0.6% during the second quarter. RPg Family Wealth Advisory LLC now owns 177,023 shares of the company’s stock valued at $4,303,000 after purchasing an additional 1,033 shares during the last quarter.
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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