Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Plans Dividend Increase – $0.10 Per Share

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) declared a monthly dividend on Monday, January 19th. Shareholders of record on Tuesday, January 20th will be given a dividend of 0.0998 per share on Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, January 20th. This is a 3.8% increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.10.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of NASDAQ VRIG remained flat at $25.15 during mid-day trading on Monday. 275,490 shares of the stock traded hands, compared to its average volume of 441,935. Invesco Variable Rate Investment Grade ETF has a one year low of $24.79 and a one year high of $25.19. The company has a 50 day simple moving average of $25.11 and a two-hundred day simple moving average of $25.11.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

A number of institutional investors have recently bought and sold shares of the business. Truist Financial Corp grew its holdings in Invesco Variable Rate Investment Grade ETF by 102.5% during the second quarter. Truist Financial Corp now owns 58,776 shares of the company’s stock valued at $1,472,000 after purchasing an additional 29,745 shares during the period. Commonwealth Equity Services LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 34.5% in the third quarter. Commonwealth Equity Services LLC now owns 348,301 shares of the company’s stock worth $8,742,000 after purchasing an additional 89,330 shares during the period. Blue Capital Inc. bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the second quarter worth $2,938,000. Sowell Financial Services LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the 2nd quarter valued at $225,000. Finally, Perigon Wealth Management LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 2nd quarter valued at $969,000.

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.