Envestnet Asset Management Inc. Acquires 123,327 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Envestnet Asset Management Inc. lifted its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 24.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 618,171 shares of the company’s stock after purchasing an additional 123,327 shares during the quarter. Envestnet Asset Management Inc. owned 1.20% of Invesco Variable Rate Investment Grade ETF worth $15,504,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VRIG. Raymond James Financial Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth about $5,525,000. Avantax Advisory Services Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF during the 4th quarter worth about $440,000. Commonwealth Equity Services LLC grew its holdings in Invesco Variable Rate Investment Grade ETF by 9.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 162,011 shares of the company’s stock worth $4,069,000 after acquiring an additional 13,471 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Invesco Variable Rate Investment Grade ETF by 6.8% during the 4th quarter. Corient Private Wealth LLC now owns 118,238 shares of the company’s stock worth $2,970,000 after acquiring an additional 7,522 shares during the last quarter. Finally, TAP Consulting LLC grew its holdings in Invesco Variable Rate Investment Grade ETF by 1.4% during the 4th quarter. TAP Consulting LLC now owns 44,141 shares of the company’s stock worth $1,109,000 after acquiring an additional 619 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of NASDAQ:VRIG opened at $25.13 on Friday. Invesco Variable Rate Investment Grade ETF has a 12 month low of $24.79 and a 12 month high of $25.21. The company’s 50-day moving average price is $25.07 and its two-hundred day moving average price is $25.08.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were given a dividend of $0.1138 per share. The ex-dividend date 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.