Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The stock 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 Price Performance
The company has a 50 day simple moving average of $24.40 and a 200-day simple moving average of $24.27.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of VRP. SK Wealth Management LLC bought a new position in Invesco Variable Rate Preferred ETF in the 3rd quarter worth $633,000. Advisory Resource Group purchased a new stake in Invesco Variable Rate Preferred ETF in the third quarter worth about $1,538,000. Orion Portfolio Solutions LLC boosted its position in Invesco Variable Rate Preferred ETF by 7.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 99,525 shares of the company’s stock valued at $2,434,000 after acquiring an additional 7,249 shares in the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 6.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 21,821 shares of the company’s stock worth $534,000 after acquiring an additional 1,293 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 81.2% in the 3rd quarter. Jane Street Group LLC now owns 220,367 shares of the company’s stock worth $5,390,000 after acquiring an additional 98,725 shares in the last quarter.
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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