Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Stake Increased by LPL Financial LLC

LPL Financial LLC increased its stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 25.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,139,340 shares of the company’s stock after buying an additional 851,024 shares during the period. LPL Financial LLC owned about 8.12% of Invesco Variable Rate Investment Grade ETF worth $103,815,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Invesco Variable Rate Investment Grade ETF by 2.4% in the fourth quarter. Bank of America Corp DE now owns 31,221 shares of the company’s stock worth $784,000 after purchasing an additional 719 shares during the period. Private Trust Co. NA boosted its holdings in Invesco Variable Rate Investment Grade ETF by 9.4% in the first quarter. Private Trust Co. NA now owns 8,943 shares of the company’s stock worth $224,000 after purchasing an additional 766 shares during the period. First Trust Advisors LP boosted its holdings in Invesco Variable Rate Investment Grade ETF by 0.8% in the fourth quarter. First Trust Advisors LP now owns 98,385 shares of the company’s stock worth $2,471,000 after purchasing an additional 785 shares during the period. UMB Bank n.a. acquired a new position in Invesco Variable Rate Investment Grade ETF in the first quarter worth $26,000. Finally, Hickory Asset Management Inc. boosted its holdings in Invesco Variable Rate Investment Grade ETF by 2.7% in the first quarter. Hickory Asset Management Inc. now owns 43,118 shares of the company’s stock worth $1,081,000 after purchasing an additional 1,118 shares during the period.

Invesco Variable Rate Investment Grade ETF Price Performance

Invesco Variable Rate Investment Grade ETF stock opened at $25.08 on Wednesday. The company has a fifty day moving average price of $25.08 and a two-hundred day moving average price of $25.08. Invesco Variable Rate Investment Grade ETF has a 12 month low of $24.79 and a 12 month high of $25.21.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 21st were issued a dividend of $0.1061 per share. This represents a $1.27 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Monday, July 21st.

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.