Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Hits New 52-Week High at $23.99

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $23.99 and last traded at $23.97, with a volume of 72309 shares. The stock had previously closed at $23.98.

Invesco Variable Rate Preferred ETF Price Performance

The company has a 50 day moving average of $23.76 and a 200-day moving average of $23.52.

Institutional Trading of Invesco Variable Rate Preferred ETF

Several large investors have recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF during the fourth quarter valued at approximately $69,000. BNP Paribas Financial Markets lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 75,025.0% during the first quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock valued at $71,000 after purchasing an additional 3,001 shares during the last quarter. Vima LLC purchased a new position in Invesco Variable Rate Preferred ETF in the 4th quarter worth approximately $78,000. MGB Wealth Management LLC raised its holdings in Invesco Variable Rate Preferred ETF by 19.6% in the 1st quarter. MGB Wealth Management LLC now owns 7,937 shares of the company’s stock worth $189,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Kovack Advisors Inc. purchased a new position in Invesco Variable Rate Preferred ETF in the 1st quarter worth approximately $205,000.

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.