Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Strong Trading Volume – Should You Buy?

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw unusually-high trading volume on Monday . Approximately 1,477,978 shares traded hands during mid-day trading, an increase of 132% from the previous session’s volume of 636,227 shares.The stock last traded at $24.19 and had previously closed at $24.14.

Invesco Variable Rate Preferred ETF Price Performance

The firm has a fifty day moving average of $24.32 and a 200 day moving average of $24.33.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Stephens Inc. AR grew its holdings in shares of Invesco Variable Rate Preferred ETF by 4.6% in the first quarter. Stephens Inc. AR now owns 1,478,797 shares of the company’s stock valued at $35,462,000 after purchasing an additional 64,978 shares during the period. Calton & Associates Inc. purchased a new position in Invesco Variable Rate Preferred ETF during the fourth quarter worth about $597,000. LFG Wealth Partners LLC acquired a new position in Invesco Variable Rate Preferred ETF in the 4th quarter valued at about $1,335,000. Matthew Goff Investment Advisor LLC acquired a new position in Invesco Variable Rate Preferred ETF in the 1st quarter valued at about $9,708,000. Finally, Bristlecone Value Partners LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter valued at approximately $908,000.

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.