KCS Wealth Advisory Sells 930 Shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

KCS Wealth Advisory lowered its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 4.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,126 shares of the company’s stock after selling 930 shares during the quarter. KCS Wealth Advisory’s holdings in Invesco Variable Rate Preferred ETF were worth $527,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in shares of 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 acquiring an additional 294,355 shares during the last quarter. MD Financial Management Inc. bought a new stake in shares of Invesco Variable Rate Preferred ETF during the second quarter worth $17,917,000. Atwood & Palmer Inc. raised its position in shares of 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 acquiring an additional 5,600 shares during the last quarter. Stephens Inc. AR raised its position in shares of 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 acquiring an additional 29,804 shares during the last quarter. Finally, KMG Fiduciary Partners LLC raised its position in shares of 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 acquiring an additional 10,614 shares during the last quarter.

Shares of VRP stock traded up $0.01 on Friday, reaching $25.21. 1,481 shares of the stock were exchanged, compared to its average volume of 266,604. Invesco Variable Rate Preferred ETF has a one year low of $22.26 and a one year high of $25.32. The firm’s 50 day moving average price is $25.10.

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

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