Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Reaches New 52-Week High – What’s Next?

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) reached a new 52-week high during trading on Tuesday . The company traded as high as $25.04 and last traded at $25.04, with a volume of 359 shares changing hands. The stock had previously closed at $24.34.

Invesco Variable Rate Preferred ETF Trading Up 0.1 %

The business has a 50-day moving average price of $24.39 and a 200 day moving average price of $24.28.

Institutional Trading of Invesco Variable Rate Preferred ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC raised its holdings in Invesco Variable Rate Preferred ETF by 14.4% during the 3rd quarter. CWM LLC now owns 31,991 shares of the company’s stock valued at $783,000 after buying an additional 4,038 shares during the period. Truist Financial Corp increased its stake in Invesco Variable Rate Preferred ETF by 2.4% in the second quarter. Truist Financial Corp now owns 17,776 shares of the company’s stock worth $426,000 after purchasing an additional 421 shares during the period. Envestnet Asset Management Inc. increased its stake in Invesco Variable Rate Preferred ETF by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 969,444 shares of the company’s stock worth $23,228,000 after purchasing an additional 152,981 shares during the period. Advisory Alpha LLC increased its stake in Invesco Variable Rate Preferred ETF by 2.9% in the second quarter. Advisory Alpha LLC now owns 2,009,869 shares of the company’s stock worth $48,158,000 after purchasing an additional 57,456 shares during the period. Finally, MGO One Seven LLC increased its stake in Invesco Variable Rate Preferred ETF by 3.1% in the second quarter. MGO One Seven LLC now owns 33,544 shares of the company’s stock worth $804,000 after purchasing an additional 998 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.