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

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

Invesco Variable Rate Preferred ETF Stock Down 0.3 %

The firm’s 50 day simple moving average is $23.59 and its two-hundred day simple moving average is $22.91.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley increased its holdings in 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 during the period. UBS Group AG grew its holdings in shares of Invesco Variable Rate Preferred ETF by 21.6% during the 3rd quarter. UBS Group AG now owns 2,977,513 shares of the company’s stock valued at $66,607,000 after purchasing an additional 529,617 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Invesco Variable Rate Preferred ETF by 3.1% during the 2nd quarter. Wells Fargo & Company MN now owns 2,129,618 shares of the company’s stock valued at $47,384,000 after purchasing an additional 64,482 shares during the last quarter. Advisory Alpha LLC grew its holdings in shares of Invesco Variable Rate Preferred ETF by 1.8% during the 4th quarter. Advisory Alpha LLC now owns 1,851,516 shares of the company’s stock valued at $42,735,000 after purchasing an additional 32,876 shares during the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of Invesco Variable Rate Preferred ETF by 1.0% during the 2nd quarter. Stephens Inc. AR now owns 1,472,580 shares of the company’s stock valued at $32,765,000 after purchasing an additional 15,089 shares during the last quarter.

About Invesco Variable Rate Preferred ETF

(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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