Uniting Wealth Partners LLC Takes Position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Uniting Wealth Partners LLC bought a new stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 116,473 shares of the company’s stock, valued at approximately $2,925,000. Invesco Variable Rate Investment Grade ETF accounts for approximately 1.4% of Uniting Wealth Partners LLC’s portfolio, making the stock its 12th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of VRIG. LPL Financial LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 28.7% during the 4th 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. Fiduciary Planning LLC grew its position in Invesco Variable Rate Investment Grade ETF by 2.1% in the 4th quarter. Fiduciary Planning LLC now owns 1,049,404 shares of the company’s stock valued at $26,356,000 after buying an additional 21,617 shares during the last quarter. Lunt Capital Management Inc. grew its position in Invesco Variable Rate Investment Grade ETF by 93.9% in the 4th quarter. Lunt Capital Management Inc. now owns 847,989 shares of the company’s stock valued at $21,297,000 after buying an additional 410,593 shares during the last quarter. Cherry Creek Investment Advisors Inc. raised its position in Invesco Variable Rate Investment Grade ETF by 11.1% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 625,042 shares of the company’s stock worth $15,698,000 after buying an additional 62,428 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 12.4% in the 3rd quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock worth $14,576,000 after acquiring an additional 63,859 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.08 on Thursday. Invesco Variable Rate Investment Grade ETF has a 52-week low of $25.05 and a 52-week high of $25.24. The company’s 50-day simple moving average is $25.12 and its 200-day simple moving average is $25.12.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

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

Invesco Variable Rate Investment Grade ETF Company 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.