Walter & Keenan Financial Consulting Co. MI ADV lifted its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 12.5% during the second quarter, Holdings Channel reports. The fund owned 62,800 shares of the company’s stock after buying an additional 7,000 shares during the quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Invesco Variable Rate Preferred ETF were worth $1,566,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in Invesco Variable Rate Preferred ETF by 26.2% during the first quarter. Wells Fargo & Company MN now owns 1,417,993 shares of the company’s stock worth $34,854,000 after buying an additional 294,355 shares during the last quarter. MD Financial Management Inc. acquired a new position in Invesco Variable Rate Preferred ETF during the second quarter worth $17,917,000. Atwood & Palmer Inc. raised its holdings in Invesco Variable Rate Preferred ETF by 0.8% during the second quarter. Atwood & Palmer Inc. now owns 692,427 shares of the company’s stock worth $17,262,000 after buying an additional 5,600 shares during the last quarter. Stephens Inc. AR raised its holdings in Invesco Variable Rate Preferred ETF by 5.3% during the first quarter. Stephens Inc. AR now owns 591,775 shares of the company’s stock worth $14,546,000 after buying an additional 29,804 shares during the last quarter. Finally, KMG Fiduciary Partners LLC raised its holdings in Invesco Variable Rate Preferred ETF by 3.8% during the second quarter. KMG Fiduciary Partners LLC now owns 292,274 shares of the company’s stock worth $7,286,000 after buying an additional 10,614 shares during the last quarter.

VRP traded down $0.01 during trading on Wednesday, hitting $25.18. 364 shares of the company’s stock were exchanged, compared to its average volume of 267,961. The firm’s 50 day moving average price is $25.13. Invesco Variable Rate Preferred ETF has a fifty-two week low of $22.26 and a fifty-two week high of $25.32.

Featured Article: How Do You Calculate Return on Equity (ROE)?

Want to see what other hedge funds are holding VRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP).

Institutional Ownership by Quarter for Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Receive News & Ratings for Invesco Variable Rate Preferred ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Variable Rate Preferred ETF and related companies with MarketBeat.com's FREE daily email newsletter.