Tower Research Capital LLC TRC Grows Stock Position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Tower Research Capital LLC TRC boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 6,365.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,465 shares of the company’s stock after buying an additional 6,365 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $162,000 at the end of the most recent quarter.

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

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of NASDAQ:VRIG opened at $25.02 on Wednesday. The stock has a 50 day moving average of $25.05 and a 200 day moving average of $25.10. Invesco Variable Rate Investment Grade ETF has a 12-month low of $24.79 and a 12-month high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 21st were given a $0.0928 dividend. The ex-dividend date of this dividend was Monday, April 21st.

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.