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

Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw unusually-strong trading volume on Thursday . Approximately 879,456 shares were traded during trading, an increase of 64% from the previous session’s volume of 534,697 shares.The stock last traded at $24.34 and had previously closed at $24.30.

Invesco Variable Rate Preferred ETF Stock Performance

The stock’s 50-day moving average price is $24.33 and its 200 day moving average price is $24.30.

Institutional Trading of Invesco Variable Rate Preferred ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Coastline Trust Co acquired a new stake in Invesco Variable Rate Preferred ETF during the third quarter worth $142,000. Zhang Financial LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $202,000. Dynamic Advisor Solutions LLC bought a new stake in Invesco Variable Rate Preferred ETF in the third quarter valued at about $213,000. Proficio Capital Partners LLC increased its stake in Invesco Variable Rate Preferred ETF by 4.8% in the third quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock valued at $221,000 after acquiring an additional 415 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new position in Invesco Variable Rate Preferred ETF during the fourth quarter worth about $219,000.

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.