Avestar Capital LLC Purchases New Holdings in Invesco Variable Rate Investment Grade ETF $VRIG

Avestar Capital LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 30,821 shares of the company’s stock, valued at approximately $771,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Invesco Variable Rate Investment Grade ETF by 79.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock worth $44,611,000 after buying an additional 789,612 shares during the period. Harfst & Associates Inc. boosted its stake in Invesco Variable Rate Investment Grade ETF by 11.3% during the third quarter. Harfst & Associates Inc. now owns 1,004,561 shares of the company’s stock worth $25,139,000 after acquiring an additional 101,796 shares in the last quarter. Cetera Investment Advisers grew its holdings in Invesco Variable Rate Investment Grade ETF by 24.9% in the first quarter. Cetera Investment Advisers now owns 543,151 shares of the company’s stock worth $13,598,000 after purchasing an additional 108,220 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Invesco Variable Rate Investment Grade ETF by 5.1% in the second quarter. Wealthcare Advisory Partners LLC now owns 536,030 shares of the company’s stock worth $13,438,000 after purchasing an additional 26,109 shares during the period. Finally, Courier Capital LLC increased its stake in Invesco Variable Rate Investment Grade ETF by 77.7% in the third quarter. Courier Capital LLC now owns 477,268 shares of the company’s stock valued at $11,944,000 after purchasing an additional 208,661 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Down 0.0%

Shares of NASDAQ VRIG opened at $25.02 on Friday. The firm’s 50-day moving average price is $25.05 and its 200-day moving average price is $25.08. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.98 and a 1-year high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were given a $0.0938 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, October 19th. 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.