215,778 Shares in Invesco Variable Rate Investment Grade ETF $VRIG Purchased by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG – Free Report) during the third quarter, Holdings Channel reports. The fund purchased 215,778 shares of the company’s stock, valued at approximately $5,400,000.

Several other hedge funds and other institutional investors have also modified their holdings of VRIG. Blue Capital Inc. grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 32.8% in the first quarter. Blue Capital Inc. now owns 164,202 shares of the company’s stock valued at $4,111,000 after buying an additional 40,589 shares in the last quarter. PAX Financial Group LLC raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 210.9% in the 1st quarter. PAX Financial Group LLC now owns 55,605 shares of the company’s stock valued at $1,392,000 after buying an additional 37,722 shares during the period. Worth Asset Management LLC raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 60.7% in the 1st quarter. Worth Asset Management LLC now owns 91,357 shares of the company’s stock valued at $2,287,000 after buying an additional 34,508 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in Invesco Variable Rate Investment Grade ETF during the 2nd quarter worth about $664,000. Finally, Advocacy Wealth Management LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the 2nd quarter valued at about $2,556,000.

Invesco Variable Rate Investment Grade ETF Stock Up 0.0%

NASDAQ VRIG opened at $25.07 on Wednesday. The stock has a 50-day moving average of $25.07 and a two-hundred day moving average of $25.07. Invesco Variable Rate Investment Grade ETF has a 1-year low of $25.00 and a 1-year high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a dividend of $0.0912 per share. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. This represents a $1.09 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, September 21st.

About Invesco Variable Rate Investment Grade ETF

(Free Report)

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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Want to see what other hedge funds are holding VRIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG – Free Report).

Institutional Ownership by Quarter for Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

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