Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Unusually-High Trading Volume – Time to Buy?

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) shares saw unusually-strong trading volume on Wednesday . Approximately 481,849 shares changed hands during trading, a decline of 1% from the previous session’s volume of 485,790 shares.The stock last traded at $24.27 and had previously closed at $24.25.

Invesco Variable Rate Preferred ETF Stock Performance

The firm has a 50 day moving average of $24.34 and a two-hundred day moving average of $24.30.

Institutional Trading of Invesco Variable Rate Preferred ETF

Institutional investors have recently modified their holdings of the stock. New Millennium Group LLC lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 53.4% in the 4th quarter. New Millennium Group LLC now owns 102,502 shares of the company’s stock valued at $2,480,000 after purchasing an additional 35,688 shares during the last quarter. Synergy Asset Management LLC lifted its stake in Invesco Variable Rate Preferred ETF by 92.9% in the fourth quarter. Synergy Asset Management LLC now owns 33,174 shares of the company’s stock valued at $808,000 after buying an additional 15,980 shares during the last quarter. Nilsine Partners LLC boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 12.4% in the fourth quarter. Nilsine Partners LLC now owns 199,126 shares of the company’s stock valued at $4,817,000 after acquiring an additional 21,905 shares during the period. PFG Investments LLC increased its holdings in shares of Invesco Variable Rate Preferred ETF by 40.6% in the 4th quarter. PFG Investments LLC now owns 23,955 shares of the company’s stock valued at $579,000 after acquiring an additional 6,923 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its position in Invesco Variable Rate Preferred ETF by 108.2% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 18,101 shares of the company’s stock valued at $438,000 after purchasing an additional 9,409 shares during 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.