Wells Fargo & Company MN Acquires 43,011 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Wells Fargo & Company MN lifted its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 436,741 shares of the company’s stock after buying an additional 43,011 shares during the quarter. Wells Fargo & Company MN owned approximately 0.89% of Invesco Variable Rate Investment Grade ETF worth $10,969,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in Invesco Variable Rate Investment Grade ETF by 28.7% in the fourth quarter. LPL Financial LLC now owns 3,288,316 shares of the company’s stock worth $82,586,000 after acquiring an additional 732,516 shares in the last quarter. Lunt Capital Management Inc. grew its position in shares of Invesco Variable Rate Investment Grade ETF by 93.9% in the fourth quarter. Lunt Capital Management Inc. now owns 847,989 shares of the company’s stock valued at $21,297,000 after purchasing an additional 410,593 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at approximately $5,525,000. Uniting Wealth Partners LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the 4th quarter worth $2,925,000. Finally, Cerro Pacific Wealth Advisors LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 75.0% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 235,516 shares of the company’s stock valued at $5,908,000 after acquiring an additional 100,937 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG opened at $25.00 on Thursday. The firm has a 50-day moving average price of $25.09 and a 200 day moving average price of $25.11. Invesco Variable Rate Investment Grade ETF has a 12-month low of $24.79 and a 12-month high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.0986 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.