Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $24.29 and last traded at $24.28, with a volume of 24152 shares trading hands. The stock had previously closed at $24.25.
Invesco Variable Rate Preferred ETF Price Performance
The company has a 50-day simple moving average of $24.05 and a 200-day simple moving average of $23.85.
Institutional Investors Weigh In On Invesco Variable Rate Preferred ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its stake in shares of Invesco Variable Rate Preferred ETF by 75,025.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock valued at $71,000 after buying an additional 3,001 shares during the period. Vima LLC bought a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter worth about $78,000. Key Financial Inc raised its holdings in Invesco Variable Rate Preferred ETF by 59.6% during the 2nd quarter. Key Financial Inc now owns 3,370 shares of the company’s stock worth $81,000 after purchasing an additional 1,259 shares during the last quarter. Sound Income Strategies LLC lifted its position in Invesco Variable Rate Preferred ETF by 33.4% during the 1st quarter. Sound Income Strategies LLC now owns 3,996 shares of the company’s stock valued at $95,000 after purchasing an additional 1,000 shares during the period. Finally, ORG Partners LLC bought a new position in shares of Invesco Variable Rate Preferred ETF in the 2nd quarter valued at about $140,000.
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.
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