Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Hits New 52-Week High at $24.47

Invesco Variable Rate Preferred ETF (NYSEARCA:VRPGet Free Report) reached a new 52-week high on Monday . The company traded as high as $24.47 and last traded at $24.47, with a volume of 1848 shares traded. The stock had previously closed at $23.77.

Invesco Variable Rate Preferred ETF Stock Performance

The firm has a 50-day moving average of $23.59 and a 200-day moving average of $22.91.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VRP. JPMorgan Chase & Co. raised its holdings in shares of Invesco Variable Rate Preferred ETF by 10.8% during the 1st quarter. JPMorgan Chase & Co. now owns 389,761 shares of the company’s stock worth $9,526,000 after acquiring an additional 37,974 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Invesco Variable Rate Preferred ETF by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 137,826 shares of the company’s stock worth $3,369,000 after acquiring an additional 4,563 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Invesco Variable Rate Preferred ETF by 59.7% during the 1st quarter. Citigroup Inc. now owns 109,807 shares of the company’s stock worth $2,683,000 after acquiring an additional 41,053 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Invesco Variable Rate Preferred ETF by 41.0% during the 1st quarter. Cetera Investment Advisers now owns 56,253 shares of the company’s stock worth $1,375,000 after acquiring an additional 16,365 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the 1st quarter worth approximately $54,000.

Invesco Variable Rate Preferred ETF Company Profile

(Get Free Report)

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.

Further Reading

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