Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Strong Trading Volume

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw strong trading volume on Thursday . 726,085 shares traded hands during mid-day trading, an increase of 113% from the previous session’s volume of 341,601 shares.The stock last traded at $23.52 and had previously closed at $23.46.

Invesco Variable Rate Preferred ETF Stock Up 0.3 %

The company’s fifty day moving average price is $23.62 and its 200 day moving average price is $23.00.

Institutional Trading of Invesco Variable Rate Preferred ETF

Several institutional investors and hedge funds have recently made changes to their positions in VRP. Morgan Stanley increased its holdings in Invesco Variable Rate Preferred ETF by 34.5% during the fourth quarter. Morgan Stanley now owns 5,755,947 shares of the company’s stock worth $128,876,000 after buying an additional 1,476,055 shares during the last quarter. UBS Group AG increased its holdings in Invesco Variable Rate Preferred ETF by 21.6% during the third quarter. UBS Group AG now owns 2,977,513 shares of the company’s stock worth $66,607,000 after buying an additional 529,617 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Invesco Variable Rate Preferred ETF by 3.1% during the second quarter. Wells Fargo & Company MN now owns 2,129,618 shares of the company’s stock worth $47,384,000 after buying an additional 64,482 shares during the last quarter. Advisory Alpha LLC increased its holdings in Invesco Variable Rate Preferred ETF by 1.8% during the fourth quarter. Advisory Alpha LLC now owns 1,851,516 shares of the company’s stock worth $42,735,000 after buying an additional 32,876 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in Invesco Variable Rate Preferred ETF by 30.4% during the third quarter. LPL Financial LLC now owns 865,770 shares of the company’s stock worth $19,367,000 after buying an additional 201,648 shares during 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.