Auour Investments LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 415,648 shares of the company’s stock, valued at approximately $10,402,000. Invesco Variable Rate Investment Grade ETF makes up about 2.9% of Auour Investments LLC’s portfolio, making the stock its 5th biggest position. Auour Investments LLC owned approximately 0.54% of Invesco Variable Rate Investment Grade ETF as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in VRIG. Sound Income Strategies LLC boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% in the first 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 during the period. CoreCap Advisors LLC acquired a new position in Invesco Variable Rate Investment Grade ETF during the third quarter valued at $37,000. Evolution Wealth Management Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF during the first quarter valued at $49,000. NorthLanding Financial Partners LLC acquired a new position in Invesco Variable Rate Investment Grade ETF during the second quarter valued at $131,000. Finally, Matrix Private Capital Group LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF in the 1st quarter worth about $145,000.
Invesco Variable Rate Investment Grade ETF Price Performance
Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.02 on Friday. Invesco Variable Rate Investment Grade ETF has a 1 year low of $24.98 and a 1 year high of $25.18. The stock has a 50-day moving average price of $25.05 and a 200 day moving average price of $25.08.
Invesco Variable Rate Investment Grade ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were issued a $0.0938 dividend. The ex-dividend date was Monday, October 19th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.5%. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912.
About Invesco Variable Rate Investment Grade ETF
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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