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

Walter & Keenan Wealth Management LLC IN ADV trimmed its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 6.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 38,766 shares of the company’s stock after selling 2,686 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Invesco Variable Rate Preferred ETF were worth $938,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Coastline Trust Co bought a new stake in shares of Invesco Variable Rate Preferred ETF during the 3rd quarter worth about $142,000. Zhang Financial LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter worth $202,000. Dynamic Advisor Solutions LLC bought a new position in shares of Invesco Variable Rate Preferred ETF during the 3rd quarter worth about $213,000. Stratos Wealth Partners LTD. bought a new position in Invesco Variable Rate Preferred ETF during the fourth quarter valued at about $219,000. Finally, Proficio Capital Partners LLC raised its stake in shares of Invesco Variable Rate Preferred ETF by 4.8% in the third quarter. Proficio Capital Partners LLC now owns 9,030 shares of the company’s stock valued at $221,000 after purchasing an additional 415 shares in the last quarter.

Invesco Variable Rate Preferred ETF Trading Down 0.1 %

VRP opened at $24.39 on Monday. The firm’s fifty day moving average price is $24.32 and its two-hundred day moving average price is $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 Company 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.