Commonwealth Equity Services LLC Has $8.74 Million Holdings in Invesco Variable Rate Investment Grade ETF $VRIG

Commonwealth Equity Services LLC grew its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 34.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 348,301 shares of the company’s stock after buying an additional 89,330 shares during the period. Commonwealth Equity Services LLC owned approximately 0.68% of Invesco Variable Rate Investment Grade ETF worth $8,742,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Jane Street Group LLC bought a new position in Invesco Variable Rate Investment Grade ETF in the first quarter worth $1,235,000. Goldstone Financial Group LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 4.3% in the 2nd quarter. Goldstone Financial Group LLC now owns 463,093 shares of the company’s stock valued at $11,619,000 after buying an additional 19,165 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 3.3% during the 2nd quarter. Sunflower Bank N.A. now owns 552,759 shares of the company’s stock worth $13,847,000 after acquiring an additional 17,623 shares during the period. KMG Fiduciary Partners LLC lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 6.2% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 171,720 shares of the company’s stock worth $4,302,000 after acquiring an additional 9,991 shares during the period. Finally, Sowell Financial Services LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 2nd quarter valued at about $225,000.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG opened at $25.13 on Tuesday. Invesco Variable Rate Investment Grade ETF has a 1 year low of $24.79 and a 1 year high of $25.19. The stock has a 50 day simple moving average of $25.11 and a 200-day simple moving average of $25.10.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.0961 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 4.6%.

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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.