1,993 Shares in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Bought by Allworth Financial LP

Allworth Financial LP acquired a new stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,993 shares of the company’s stock, valued at approximately $50,000.

Several other large investors also recently modified their holdings of VRIG. LPL Financial LLC increased its stake in shares of 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 buying an additional 732,516 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Invesco Variable Rate Investment Grade ETF by 143.3% in the 1st quarter. Bank of New York Mellon Corp now owns 957,878 shares of the company’s stock worth $24,024,000 after purchasing an additional 564,126 shares during the last quarter. Parsons Capital Management Inc. RI raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 841.1% in the 1st quarter. Parsons Capital Management Inc. RI now owns 281,249 shares of the company’s stock valued at $7,054,000 after purchasing an additional 251,363 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at about $5,525,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 24.9% during the first quarter. Envestnet Asset Management Inc. now owns 618,171 shares of the company’s stock worth $15,504,000 after purchasing an additional 123,327 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0%

NASDAQ:VRIG opened at $25.14 on Friday. Invesco Variable Rate Investment Grade ETF has a one year low of $24.79 and a one year high of $25.21. The stock has a 50-day simple moving average of $25.07 and a 200 day simple moving average of $25.08.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

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

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.