Kingswood Wealth Advisors LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,237 shares of the company’s stock, valued at approximately $1,057,000. Kingswood Wealth Advisors LLC owned about 0.05% of Invesco Variable Rate Investment Grade ETF as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VRIG. Sound Income Strategies LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 141,100.0% during the 1st quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock worth $35,000 after buying an additional 1,411 shares in the last quarter. CoreCap Advisors LLC bought a new stake in Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth about $37,000. Evolution Wealth Management Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF during the 1st quarter worth about $49,000. NorthLanding Financial Partners LLC bought a new stake in Invesco Variable Rate Investment Grade ETF during the 2nd quarter worth about $131,000. Finally, Matrix Private Capital Group LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF in the 1st quarter valued at about $145,000.
Invesco Variable Rate Investment Grade ETF Stock Performance
VRIG opened at $25.00 on Thursday. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.98 and a 1-year high of $25.18. The firm has a 50-day moving average price of $25.05 and a two-hundred day moving average price of $25.08.
Invesco Variable Rate Investment Grade ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were paid a dividend of $0.0938 per share. This represents a $1.13 annualized dividend and a dividend yield of 4.5%. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. The ex-dividend date of this dividend was Monday, October 19th.
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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.
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