Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Unusually-High Trading Volume

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw an uptick in trading volume on Thursday . 726,085 shares traded hands during mid-day trading, an increase of 113% from the previous session’s volume of 341,601 shares.The stock last traded at $23.52 and had previously closed at $23.46.

Invesco Variable Rate Preferred ETF Trading Down 0.2 %

The stock’s 50 day simple moving average is $23.62 and its two-hundred day simple moving average is $23.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank bought a new stake in Invesco Variable Rate Preferred ETF in the second quarter worth $360,000. Captrust Financial Advisors boosted its stake in Invesco Variable Rate Preferred ETF by 1,818.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,918 shares of the company’s stock worth $43,000 after purchasing an additional 1,818 shares in the last quarter. Worth Asset Management LLC bought a new position in Invesco Variable Rate Preferred ETF in the 1st quarter worth about $54,000. Sound Income Strategies LLC purchased a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $69,000. Finally, Vima LLC bought a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $78,000.

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.