Invesco Variable Rate Investment Grade ETF $VRIG is Total Clarity Wealth Management Inc.’s 4th Largest Position

Total Clarity Wealth Management Inc. cut its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 24.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 295,820 shares of the company’s stock after selling 93,242 shares during the period. Invesco Variable Rate Investment Grade ETF comprises 2.1% of Total Clarity Wealth Management Inc.’s holdings, making the stock its 4th largest position. Total Clarity Wealth Management Inc.’s holdings in Invesco Variable Rate Investment Grade ETF were worth $7,410,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Concurrent Investment Advisors LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 856.3% in the second quarter. Concurrent Investment Advisors LLC now owns 208,376 shares of the company’s stock worth $5,220,000 after purchasing an additional 186,587 shares in the last quarter. Cerro Pacific Wealth Advisors LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 27.9% in the second quarter. Cerro Pacific Wealth Advisors LLC now owns 333,583 shares of the company’s stock worth $8,356,000 after purchasing an additional 72,829 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 152.6% in the second quarter. Mainstay Capital Management LLC ADV now owns 63,270 shares of the company’s stock worth $1,585,000 after purchasing an additional 38,219 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the second quarter worth approximately $469,000. Finally, Parsons Capital Management Inc. RI lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 4.6% in the second quarter. Parsons Capital Management Inc. RI now owns 294,116 shares of the company’s stock worth $7,368,000 after purchasing an additional 12,867 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

NASDAQ VRIG opened at $25.12 on Monday. The company has a 50 day simple moving average of $25.11 and a 200-day simple moving average of $25.07. Invesco Variable Rate Investment Grade ETF has a 52-week low of $24.79 and a 52-week high of $25.21.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a $0.1036 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, September 22nd.

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.