Perigon Wealth Management LLC Invests $969,000 in Invesco Variable Rate Investment Grade ETF $VRIG

Perigon Wealth Management LLC bought a new position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,700 shares of the company’s stock, valued at approximately $969,000. Perigon Wealth Management LLC owned about 0.08% of Invesco Variable Rate Investment Grade ETF as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. LPL Financial LLC boosted its stake in shares of Invesco Variable Rate Investment Grade ETF by 25.9% in the first quarter. LPL Financial LLC now owns 4,139,340 shares of the company’s stock worth $103,815,000 after buying an additional 851,024 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Invesco Variable Rate Investment Grade ETF by 1,067.1% in the first quarter. Assetmark Inc. now owns 3,527,911 shares of the company’s stock worth $88,480,000 after buying an additional 3,225,624 shares during the last quarter. Fiduciary Planning LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 3.0% in the 1st quarter. Fiduciary Planning LLC now owns 1,080,923 shares of the company’s stock worth $27,110,000 after purchasing an additional 31,519 shares during the period. Bank of New York Mellon Corp raised its holdings in 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 period. Finally, Cherry Creek Investment Advisors Inc. raised its holdings in Invesco Variable Rate Investment Grade ETF by 13.6% in the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 709,950 shares of the company’s stock worth $17,806,000 after purchasing an additional 84,908 shares during the period.

Invesco Variable Rate Investment Grade ETF Price Performance

NASDAQ VRIG opened at $25.08 on Friday. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.79 and a twelve month high of $25.21. The stock has a 50-day moving average of $25.10 and a 200 day moving average of $25.07.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a $0.1036 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 5.0%.

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.