Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Strong Trading Volume – Here’s What Happened

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) shares saw unusually-high trading volume on Thursday . Approximately 754,538 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 621,093 shares.The stock last traded at $24.1350 and had previously closed at $24.05.

Invesco Variable Rate Preferred ETF Price Performance

The firm has a 50-day moving average of $24.18 and a 200 day moving average of $24.25.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Engineers Gate Manager LP boosted its position in shares of Invesco Variable Rate Preferred ETF by 16.9% during the 2nd quarter. Engineers Gate Manager LP now owns 37,328 shares of the company’s stock valued at $907,000 after acquiring an additional 5,403 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Invesco Variable Rate Preferred ETF by 34.2% in the second quarter. Integrated Wealth Concepts LLC now owns 63,218 shares of the company’s stock worth $1,537,000 after purchasing an additional 16,125 shares in the last quarter. Baird Financial Group Inc. raised its position in Invesco Variable Rate Preferred ETF by 1.6% in the second quarter. Baird Financial Group Inc. now owns 235,821 shares of the company’s stock worth $5,733,000 after purchasing an additional 3,810 shares in the last quarter. Corient Private Wealth LP bought a new position in Invesco Variable Rate Preferred ETF during the second quarter worth about $599,000. Finally, Ameritas Advisory Services LLC lifted its stake in Invesco Variable Rate Preferred ETF by 67.0% during the second quarter. Ameritas Advisory Services LLC now owns 90,252 shares of the company’s stock worth $2,194,000 after purchasing an additional 36,221 shares during the period.

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.