Cherry Creek Investment Advisors Inc. Boosts Position in Invesco Variable Rate Investment Grade ETF $VRIG

Cherry Creek Investment Advisors Inc. grew its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 696,853 shares of the company’s stock after acquiring an additional 21,021 shares during the period. Invesco Variable Rate Investment Grade ETF comprises approximately 7.5% of Cherry Creek Investment Advisors Inc.’s holdings, making the stock its biggest position. Cherry Creek Investment Advisors Inc. owned 1.28% of Invesco Variable Rate Investment Grade ETF worth $17,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its holdings in Invesco Variable Rate Investment Grade ETF by 34.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 348,301 shares of the company’s stock worth $8,742,000 after buying an additional 89,330 shares during the last quarter. Blue Capital Inc. acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the 2nd quarter worth approximately $2,938,000. Truist Financial Corp increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 135.2% in the 3rd quarter. Truist Financial Corp now owns 138,266 shares of the company’s stock valued at $3,470,000 after acquiring an additional 79,490 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at approximately $2,452,000. Finally, Osaic Holdings Inc. raised its position in shares of Invesco Variable Rate Investment Grade ETF by 59.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,625,306 shares of the company’s stock valued at $40,733,000 after acquiring an additional 608,429 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of VRIG opened at $25.03 on Wednesday. The business’s fifty day moving average price is $25.11 and its 200 day moving average price is $25.11. Invesco Variable Rate Investment Grade ETF has a 12-month low of $24.79 and a 12-month high of $25.18.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.0931 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, March 23rd.

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