Commonwealth Equity Services LLC Increases Holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Commonwealth Equity Services LLC increased its stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 9.1% in the 4th quarter, HoldingsChannel reports. The fund owned 162,011 shares of the company’s stock after acquiring an additional 13,471 shares during the period. Commonwealth Equity Services LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $4,069,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in VRIG. Golden State Wealth Management LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at approximately $100,000. Truist Financial Corp purchased a new stake in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at $208,000. Kingswood Wealth Advisors LLC bought a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth $241,000. Nations Financial Group Inc. IA ADV purchased a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth $292,000. Finally, Avantax Advisory Services Inc. bought a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at $440,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

Invesco Variable Rate Investment Grade ETF stock opened at $25.16 on Monday. Invesco Variable Rate Investment Grade ETF has a 12-month low of $25.05 and a 12-month high of $25.24. The firm has a 50-day moving average price of $25.13 and a 200-day moving average price of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were given a $0.1041 dividend. The ex-dividend date of this dividend was Monday, February 24th.

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.