Cetera Investment Advisers Buys 248,416 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Cetera Investment Advisers raised its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 77.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 569,677 shares of the company’s stock after acquiring an additional 248,416 shares during the period. Cetera Investment Advisers’ holdings in Invesco Variable Rate Investment Grade ETF were worth $14,288,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Invesco Variable Rate Investment Grade ETF in the 1st quarter worth approximately $12,349,000. J.W. Cole Advisors Inc. grew its position in Invesco Variable Rate Investment Grade ETF by 3.6% in the 1st quarter. J.W. Cole Advisors Inc. now owns 35,758 shares of the company’s stock worth $897,000 after purchasing an additional 1,259 shares during the period. IFP Advisors Inc grew its position in Invesco Variable Rate Investment Grade ETF by 82.4% in the 1st quarter. IFP Advisors Inc now owns 56,586 shares of the company’s stock worth $1,419,000 after purchasing an additional 25,566 shares during the period. Csenge Advisory Group bought a new stake in Invesco Variable Rate Investment Grade ETF in the 1st quarter worth approximately $1,207,000. Finally, Private Advisor Group LLC grew its position in Invesco Variable Rate Investment Grade ETF by 8.4% in the 1st quarter. Private Advisor Group LLC now owns 250,176 shares of the company’s stock worth $6,274,000 after purchasing an additional 19,307 shares during the period.

Invesco Variable Rate Investment Grade ETF Price Performance

NASDAQ:VRIG opened at $25.08 on Wednesday. Invesco Variable Rate Investment Grade ETF has a 12 month low of $24.79 and a 12 month high of $25.21. The company has a 50 day simple moving average of $25.08 and a two-hundred day simple moving average of $25.08.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 21st were given a $0.1061 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date was Monday, July 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.