Prevail Innovative Wealth Advisors LLC Buys 7,496 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Prevail Innovative Wealth Advisors LLC lifted its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 31.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 31,149 shares of the company’s stock after acquiring an additional 7,496 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $782,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Invesco Variable Rate Investment Grade ETF by 485.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,451 shares of the company’s stock worth $87,000 after purchasing an additional 2,862 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at approximately $100,000. Truist Financial Corp purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at approximately $208,000. SageOak Financial LLC bought a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth $222,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth $241,000.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.07 on Friday. Invesco Variable Rate Investment Grade ETF has a 1 year low of $25.05 and a 1 year high of $25.24. The stock has a fifty day moving average price of $25.12 and a 200-day moving average price of $25.12.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a dividend of $0.0986 per share. The ex-dividend date was Monday, March 24th.

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.