Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Unusually-High Trading Volume – What’s Next?

Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw an uptick in trading volume on Thursday. 2,818,279 shares were traded during trading, an increase of 337% from the average daily volume of 645,003 shares. The stock last traded at $23.5650 and had previously closed at $23.65.

Invesco Variable Rate Preferred ETF Stock Up 0.0%

The stock has a fifty day moving average of $23.86 and a 200 day moving average of $24.20.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VRP. Howard Wealth Management LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 3.9% in the third quarter. Howard Wealth Management LLC now owns 107,052 shares of the company’s stock worth $2,538,000 after purchasing an additional 3,972 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the third quarter worth about $1,606,000. Foresight Capital Management Advisors Inc. lifted its position in shares of Invesco Variable Rate Preferred ETF by 0.7% in the third quarter. Foresight Capital Management Advisors Inc. now owns 71,536 shares of the company’s stock worth $1,696,000 after buying an additional 524 shares in the last quarter. Roman Butler Fullerton & Co. bought a new position in Invesco Variable Rate Preferred ETF during the third quarter valued at approximately $367,000. Finally, Oppenheimer & Co. Inc. bought a new position in Invesco Variable Rate Preferred ETF during the third quarter valued at approximately $859,000.

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.