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

Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw an uptick in trading volume on Monday . 661,423 shares traded hands during mid-day trading, an increase of 35% from the previous session’s volume of 491,578 shares.The stock last traded at $24.4150 and had previously closed at $24.43.

Invesco Variable Rate Preferred ETF Stock Performance

The stock’s 50 day moving average is $24.63 and its 200-day moving average is $24.52.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

Several institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its holdings in shares of Invesco Variable Rate Preferred ETF by 6.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,388 shares of the company’s stock worth $276,000 after acquiring an additional 721 shares during the period. D.A. Davidson & CO. grew its stake in shares of Invesco Variable Rate Preferred ETF by 5.9% in the second quarter. D.A. Davidson & CO. now owns 46,200 shares of the company’s stock valued at $1,130,000 after buying an additional 2,572 shares in the last quarter. Invesco Ltd. raised its holdings in Invesco Variable Rate Preferred ETF by 1.0% in the first quarter. Invesco Ltd. now owns 265,003 shares of the company’s stock valued at $6,424,000 after acquiring an additional 2,596 shares in the last quarter. Endowment Wealth Management Inc. increased its position in shares of Invesco Variable Rate Preferred ETF by 9.7% in the 2nd quarter. Endowment Wealth Management Inc. now owns 12,827 shares of the company’s stock valued at $314,000 after purchasing an additional 1,138 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Invesco Variable Rate Preferred ETF by 37.1% in the 2nd quarter. CWM LLC now owns 81,349 shares of the company’s stock valued at $1,989,000 after purchasing an additional 22,004 shares in the last quarter.

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.