219,988 Shares in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 219,988 shares of the company’s stock, valued at approximately $5,525,000.

A number of other hedge funds have also recently bought and sold shares of VRIG. Golden State Wealth Management LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at approximately $100,000. Truist Financial Corp bought a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth $208,000. Kingswood Wealth Advisors LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at $241,000. Nations Financial Group Inc. IA ADV acquired a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at $292,000. Finally, Concurrent Investment Advisors LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at about $455,000.

Invesco Variable Rate Investment Grade ETF Stock Down 0.4 %

Shares of VRIG stock opened at $25.06 on Tuesday. Invesco Variable Rate Investment Grade ETF has a 52-week low of $25.05 and a 52-week high of $25.24. The firm’s 50-day moving average is $25.13 and its 200-day moving average is $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a $0.0986 dividend. The ex-dividend date of this dividend is 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.