Invesco Ltd. Lowers Position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Invesco Ltd. cut its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,659,567 shares of the company’s stock after selling 45,616 shares during the quarter. Invesco Ltd. owned approximately 0.26% of Invesco Variable Rate Investment Grade ETF worth $317,945,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VRIG. LPL Financial LLC lifted its stake in Invesco Variable Rate Investment Grade ETF by 28.7% in the fourth quarter. LPL Financial LLC now owns 3,288,316 shares of the company’s stock worth $82,586,000 after acquiring an additional 732,516 shares during the period. Lunt Capital Management Inc. lifted its stake in Invesco Variable Rate Investment Grade ETF by 93.9% in the fourth quarter. Lunt Capital Management Inc. now owns 847,989 shares of the company’s stock worth $21,297,000 after acquiring an additional 410,593 shares during the period. Raymond James Financial Inc. bought a new position in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth about $5,525,000. Uniting Wealth Partners LLC bought a new position in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth about $2,925,000. Finally, Cerro Pacific Wealth Advisors LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 75.0% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 235,516 shares of the company’s stock worth $5,908,000 after purchasing an additional 100,937 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Up 0.2 %

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.01 on Thursday. The company has a 50-day simple moving average of $25.10 and a two-hundred day simple moving average of $25.11. Invesco Variable Rate Investment Grade ETF has a one year low of $24.79 and a one year high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.0986 dividend. The ex-dividend date was Monday, March 24th.

Invesco Variable Rate Investment Grade ETF 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.