Northwestern Mutual Wealth Management Co. Grows Position in Invesco Variable Rate Investment Grade ETF $VRIG

Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 258.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,477 shares of the company’s stock after buying an additional 3,227 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco Variable Rate Investment Grade ETF were worth $112,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 2.4% during the fourth quarter. Bank of America Corp DE now owns 31,221 shares of the company’s stock worth $784,000 after buying an additional 719 shares during the period. Private Trust Co. NA increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 9.4% during the first quarter. Private Trust Co. NA now owns 8,943 shares of the company’s stock worth $224,000 after buying an additional 766 shares during the period. UMB Bank n.a. purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the first quarter worth approximately $26,000. Hickory Asset Management Inc. increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 2.7% during the first quarter. Hickory Asset Management Inc. now owns 43,118 shares of the company’s stock worth $1,081,000 after buying an additional 1,118 shares during the period. Finally, J.W. Cole Advisors Inc. increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 3.6% during the first quarter. J.W. Cole Advisors Inc. now owns 35,758 shares of the company’s stock worth $897,000 after buying an additional 1,259 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG stock opened at $25.11 on Friday. The company’s 50 day moving average price is $25.09 and its 200 day moving average price is $25.07. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.79 and a fifty-two week high of $25.21.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 18th were issued a $0.1067 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Monday, August 18th.

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.