Envestnet Portfolio Solutions Inc. Acquires Shares of 18,942 Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 18,942 shares of the company’s stock, valued at approximately $475,000.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. purchased a new stake in Invesco Variable Rate Investment Grade ETF during the first quarter valued at about $26,000. JPMorgan Chase & Co. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 485.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,451 shares of the company’s stock valued at $87,000 after purchasing an additional 2,862 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at about $87,000. NBC Securities Inc. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 105,360.0% during the first quarter. NBC Securities Inc. now owns 5,273 shares of the company’s stock valued at $132,000 after purchasing an additional 5,268 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Invesco Variable Rate Investment Grade ETF by 6,365.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,465 shares of the company’s stock valued at $162,000 after purchasing an additional 6,365 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Up 0.1%

Shares of VRIG opened at $25.06 on Friday. The business’s 50-day moving average price is $25.04 and its 200-day moving average price is $25.08. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.79 and a twelve month high of $25.21.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were given a dividend of $0.1138 per share. This represents a $1.37 annualized dividend and a dividend yield of 5.45%. The ex-dividend date was Monday, June 23rd.

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.