Silver Oak Securities Incorporated Buys 5,571 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Silver Oak Securities Incorporated boosted its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,365 shares of the company’s stock after buying an additional 5,571 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Invesco Variable Rate Investment Grade ETF were worth $3,547,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VRIG. NBC Securities Inc. increased its position in shares of Invesco Variable Rate Investment Grade ETF by 34.7% during the third quarter. NBC Securities Inc. now owns 5,181 shares of the company’s stock worth $129,000 after buying an additional 1,335 shares during the period. Advisors Asset Management Inc. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 168.3% in the first quarter. Advisors Asset Management Inc. now owns 6,461 shares of the company’s stock valued at $162,000 after buying an additional 4,053 shares during the period. Calton & Associates Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF during the first quarter valued at $202,000. Prevail Innovative Wealth Advisors LLC bought a new stake in Invesco Variable Rate Investment Grade ETF during the first quarter valued at $215,000. Finally, Inspire Advisors LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the 2nd quarter worth about $287,000.

Invesco Variable Rate Investment Grade ETF Price Performance

VRIG stock opened at $25.06 on Friday. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.85 and a 1-year high of $25.24. The stock has a 50-day moving average price of $25.11 and a 200-day moving average price of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, October 21st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $1.44 dividend on an annualized basis and a yield of 5.75%.

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.