Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Unusually-High Trading Volume – Here’s Why

Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw strong trading volume on Wednesday . 1,593,218 shares changed hands during trading, an increase of 141% from the previous session’s volume of 660,647 shares.The stock last traded at $24.41 and had previously closed at $24.40.

Invesco Variable Rate Preferred ETF Price Performance

The stock’s 50-day moving average is $24.34 and its two-hundred day moving average is $24.35.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

Hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 1.4% during the third quarter. Advisory Services Network LLC now owns 33,782 shares of the company’s stock worth $834,000 after purchasing an additional 458 shares during the last quarter. Equitable Holdings Inc. grew its holdings in shares of Invesco Variable Rate Preferred ETF by 3.8% in the fourth quarter. Equitable Holdings Inc. now owns 13,531 shares of the company’s stock worth $329,000 after purchasing an additional 493 shares during the last quarter. Blair William & Co. IL increased its stake in Invesco Variable Rate Preferred ETF by 7.7% in the 4th quarter. Blair William & Co. IL now owns 6,986 shares of the company’s stock worth $170,000 after buying an additional 501 shares during the period. Corient Private Wealth LLC increased its stake in Invesco Variable Rate Preferred ETF by 1.4% in the 2nd quarter. Corient Private Wealth LLC now owns 36,992 shares of the company’s stock worth $904,000 after buying an additional 520 shares during the period. Finally, Endowment Wealth Management Inc. lifted its holdings in Invesco Variable Rate Preferred ETF by 3.5% during the 4th quarter. Endowment Wealth Management Inc. now owns 16,481 shares of the company’s stock valued at $401,000 after buying an additional 554 shares in 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.