Bank of New York Mellon Corp Purchases 564,126 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Bank of New York Mellon Corp boosted its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 143.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 957,878 shares of the company’s stock after purchasing an additional 564,126 shares during the quarter. Bank of New York Mellon Corp owned about 1.86% of Invesco Variable Rate Investment Grade ETF worth $24,024,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. acquired a new position in Invesco Variable Rate Investment Grade ETF in the first quarter valued at approximately $26,000. WASHINGTON TRUST Co acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the first quarter worth about $50,000. JPMorgan Chase & Co. boosted its stake in shares of Invesco Variable Rate Investment Grade ETF by 485.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,451 shares of the company’s stock worth $87,000 after buying an additional 2,862 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at about $87,000. Finally, NBC Securities Inc. lifted its position in Invesco Variable Rate Investment Grade ETF by 105,360.0% in the first quarter. NBC Securities Inc. now owns 5,273 shares of the company’s stock valued at $132,000 after purchasing an additional 5,268 shares during the period.

Invesco Variable Rate Investment Grade ETF Price Performance

VRIG stock opened at $25.13 on Friday. The stock’s 50 day moving average price is $25.07 and its 200 day moving average price is $25.08. Invesco Variable Rate Investment Grade ETF has a 1 year low of $24.79 and a 1 year high of $25.21.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were given a $0.1138 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.37 dividend on an annualized basis and a yield of 5.43%.

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.