399,262 Shares in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Purchased by Goldstone Financial Group LLC

Goldstone Financial Group LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 399,262 shares of the company’s stock, valued at approximately $10,015,000. Invesco Variable Rate Investment Grade ETF makes up about 1.7% of Goldstone Financial Group LLC’s portfolio, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRIG. LPL Financial LLC grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 22.5% in the second quarter. LPL Financial LLC now owns 2,698,211 shares of the company’s stock worth $67,833,000 after acquiring an additional 495,070 shares during the last quarter. Fiduciary Planning LLC boosted its stake in Invesco Variable Rate Investment Grade ETF by 2.8% in the 3rd quarter. Fiduciary Planning LLC now owns 1,027,787 shares of the company’s stock worth $25,782,000 after purchasing an additional 28,469 shares in the last quarter. Cherry Creek Investment Advisors Inc. grew its position in Invesco Variable Rate Investment Grade ETF by 1.9% during the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 562,614 shares of the company’s stock valued at $14,113,000 after purchasing an additional 10,442 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Invesco Variable Rate Investment Grade ETF by 31.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock valued at $12,988,000 after purchasing an additional 123,707 shares in the last quarter. Finally, Sunflower Bank N.A. raised its holdings in Invesco Variable Rate Investment Grade ETF by 0.3% in the third quarter. Sunflower Bank N.A. now owns 515,241 shares of the company’s stock worth $12,925,000 after buying an additional 1,339 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Up 0.1 %

NASDAQ:VRIG opened at $25.10 on Thursday. Invesco Variable Rate Investment Grade ETF has a 52 week low of $24.85 and a 52 week high of $25.24. The company’s 50 day moving average price is $25.11 and its 200-day moving average price is $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend was Monday, October 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.