Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Reaches New 52-Week High at $24.24

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) reached a new 52-week high during trading on Friday . The stock traded as high as $24.24 and last traded at $24.22, with a volume of 65202 shares traded. The stock had previously closed at $24.17.

Invesco Variable Rate Preferred ETF Stock Performance

The firm’s 50 day moving average is $24.01 and its 200 day moving average is $23.81.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Synergy Asset Management LLC acquired a new position in Invesco Variable Rate Preferred ETF during the 1st quarter valued at approximately $7,554,000. Commonwealth Equity Services LLC increased its stake in Invesco Variable Rate Preferred ETF by 161.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 449,304 shares of the company’s stock valued at $10,680,000 after purchasing an additional 277,685 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Invesco Variable Rate Preferred ETF by 111.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 456,791 shares of the company’s stock valued at $10,858,000 after purchasing an additional 240,901 shares in the last quarter. Ocean Park Asset Management LLC increased its stake in Invesco Variable Rate Preferred ETF by 76.1% during the 2nd quarter. Ocean Park Asset Management LLC now owns 395,900 shares of the company’s stock valued at $9,486,000 after purchasing an additional 171,100 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 18.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock valued at $23,228,000 after acquiring an additional 152,981 shares during the last quarter.

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.