Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Reaches New 12-Month High at $23.87

Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) reached a new 52-week high during trading on Monday . The stock traded as high as $23.87 and last traded at $23.83, with a volume of 833078 shares. The stock had previously closed at $23.80.

Invesco Variable Rate Preferred ETF Price Performance

The company’s 50-day simple moving average is $23.66 and its 200 day simple moving average is $23.17.

Institutional Trading of Invesco Variable Rate Preferred ETF

Several large investors have recently added to or reduced their stakes in VRP. Sound Income Strategies LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter worth $69,000. BNP Paribas Financial Markets boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 75,025.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,005 shares of the company’s stock worth $71,000 after buying an additional 3,001 shares during the period. Vima LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter worth $78,000. MGB Wealth Management LLC boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 19.6% during the 1st quarter. MGB Wealth Management LLC now owns 7,937 shares of the company’s stock worth $189,000 after buying an additional 1,300 shares during the period. Finally, Fifth Third Bancorp raised its stake in Invesco Variable Rate Preferred ETF by 99.3% during the 4th quarter. Fifth Third Bancorp now owns 8,700 shares of the company’s stock valued at $201,000 after purchasing an additional 4,335 shares during 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.