Invesco Variable Rate Investment Grade ETF $VRIG Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,814 shares of the company’s stock after selling 2,772 shares during the quarter. IFP Advisors Inc’s holdings in Invesco Variable Rate Investment Grade ETF were worth $1,348,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Mainstay Capital Management LLC ADV raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 152.6% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 63,270 shares of the company’s stock valued at $1,585,000 after purchasing an additional 38,219 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 2nd quarter valued at about $469,000. Parsons Capital Management Inc. RI raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 4.6% in the 2nd quarter. Parsons Capital Management Inc. RI now owns 294,116 shares of the company’s stock valued at $7,368,000 after purchasing an additional 12,867 shares in the last quarter. Truist Financial Corp raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 102.5% in the 2nd quarter. Truist Financial Corp now owns 58,776 shares of the company’s stock valued at $1,472,000 after purchasing an additional 29,745 shares in the last quarter. Finally, ORG Partners LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 7.1% in the 2nd quarter. ORG Partners LLC now owns 103,334 shares of the company’s stock valued at $2,591,000 after purchasing an additional 6,880 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.12 on Monday. The firm’s 50-day simple moving average is $25.11 and its 200-day simple moving average is $25.07. Invesco Variable Rate Investment Grade ETF has a 1 year low of $24.79 and a 1 year high of $25.21.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.1036 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 4.9%.

Invesco Variable Rate Investment Grade ETF Company Profile

The Invesco Variable Rate Investment Grade ETF (VRIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that primarily invests in USD-denominated investment-grade floating-rate securities, but can hold up to 20% in non-investment-grade securities.