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

Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw strong trading volume on Thursday . 726,085 shares traded hands during 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 Price Performance

The company has a 50-day simple moving average of $23.62 and a two-hundred day simple moving average of $23.01.

Institutional Trading of Invesco Variable Rate Preferred ETF

Large investors have recently added to or reduced their stakes in the stock. Morgan Stanley grew its position in shares of Invesco Variable Rate Preferred ETF by 34.5% during the 4th quarter. Morgan Stanley now owns 5,755,947 shares of the company’s stock valued at $128,876,000 after acquiring an additional 1,476,055 shares during the period. UBS Group AG lifted its stake in Invesco Variable Rate Preferred ETF by 21.6% in the third quarter. UBS Group AG now owns 2,977,513 shares of the company’s stock valued at $66,607,000 after purchasing an additional 529,617 shares during the last quarter. Wells Fargo & Company MN grew 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 valued at $47,384,000 after purchasing an additional 64,482 shares during the period. Advisory Alpha LLC increased its position in Invesco Variable Rate Preferred ETF by 1.8% in 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 raised its stake in shares of Invesco Variable Rate Preferred ETF by 30.4% in the third quarter. LPL Financial LLC now owns 865,770 shares of the company’s stock valued at $19,367,000 after buying an additional 201,648 shares during the period.

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.