Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Stake Raised by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC increased its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 75.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,516 shares of the company’s stock after buying an additional 100,937 shares during the quarter. Invesco Variable Rate Investment Grade ETF comprises 2.0% of Cerro Pacific Wealth Advisors LLC’s portfolio, making the stock its 14th largest holding. Cerro Pacific Wealth Advisors LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $5,908,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Raymond James & Associates grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 90.2% in the third quarter. Raymond James & Associates now owns 160,470 shares of the company’s stock worth $4,025,000 after purchasing an additional 76,086 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Invesco Variable Rate Investment Grade ETF by 12.4% in the third quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock worth $14,576,000 after purchasing an additional 63,859 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 31.5% in the second quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock worth $12,988,000 after purchasing an additional 123,707 shares during the period. Resurgent Financial Advisors LLC grew its position in Invesco Variable Rate Investment Grade ETF by 2.6% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 21,192 shares of the company’s stock valued at $532,000 after buying an additional 534 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at about $1,639,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG stock opened at $25.08 on Friday. The firm’s 50-day moving average is $25.13 and its two-hundred day moving average is $25.12. Invesco Variable Rate Investment Grade ETF has a 52 week low of $25.02 and a 52 week high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st will be given a $0.1141 dividend. The ex-dividend date is Tuesday, January 21st.

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.