Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Stock Position Cut by Walter & Keenan Wealth Management LLC IN ADV

Walter & Keenan Wealth Management LLC IN ADV decreased its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,766 shares of the company’s stock after selling 2,686 shares during the period. Walter & Keenan Wealth Management LLC IN ADV owned approximately 0.06% of Invesco Variable Rate Preferred ETF worth $938,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Inc. AR increased its stake in shares of Invesco Variable Rate Preferred ETF by 1.3% during the fourth quarter. Stephens Inc. AR now owns 1,431,932 shares of the company’s stock valued at $34,638,000 after acquiring an additional 17,757 shares during the period. AlphaStar Capital Management LLC boosted its stake in Invesco Variable Rate Preferred ETF by 20.4% during the 4th quarter. AlphaStar Capital Management LLC now owns 108,857 shares of the company’s stock valued at $2,633,000 after purchasing an additional 18,418 shares in the last quarter. Advisory Resource Group increased its position in shares of Invesco Variable Rate Preferred ETF by 3.5% during the 4th quarter. Advisory Resource Group now owns 65,103 shares of the company’s stock valued at $1,575,000 after purchasing an additional 2,228 shares during the period. Silver Oak Securities Incorporated bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter worth $598,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at $219,000.

Invesco Variable Rate Preferred ETF Stock Down 0.1 %

Shares of VRP stock opened at $24.39 on Monday. The stock has a 50-day simple moving average of $24.32 and a 200 day simple moving average of $24.32. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.32 and a fifty-two week high of $24.67.

Invesco Variable Rate Preferred ETF Profile

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.