Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Strong Trading Volume

Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw strong trading volume on Thursday . 726,085 shares were traded during mid-day trading, an increase of 113% from the previous session’s volume of 341,601 shares.The stock last traded at $23.52 and had previously closed at $23.46.

Invesco Variable Rate Preferred ETF Stock Up 0.3 %

The stock’s fifty day simple moving average is $23.62 and its 200-day simple moving average is $23.00.

Institutional Trading of Invesco Variable Rate Preferred ETF

A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 108.7% in the 3rd quarter. Jane Street Group LLC now owns 694,430 shares of the company’s stock valued at $15,208,000 after buying an additional 8,642,996 shares in the last quarter. Morgan Stanley raised its position in shares of Invesco Variable Rate Preferred ETF by 34.5% in the 4th quarter. Morgan Stanley now owns 5,755,947 shares of the company’s stock valued at $128,876,000 after buying an additional 1,476,055 shares in the last quarter. UBS Group AG raised its position in shares of Invesco Variable Rate Preferred ETF by 21.6% in the 3rd quarter. UBS Group AG now owns 2,977,513 shares of the company’s stock valued at $66,607,000 after buying an additional 529,617 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Invesco Variable Rate Preferred ETF by 127.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 536,208 shares of the company’s stock valued at $11,995,000 after buying an additional 300,826 shares in the last quarter. Finally, Windsor Capital Management LLC increased its position in Invesco Variable Rate Preferred ETF by 880.7% during the 4th quarter. Windsor Capital Management LLC now owns 292,346 shares of the company’s stock worth $6,747,000 after purchasing an additional 262,536 shares in the last quarter.

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.