JPMorgan Chase & Co. Cuts Stock Position in Invesco Variable Rate Investment Grade ETF $VRIG

JPMorgan Chase & Co. lessened its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 89.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,046 shares of the company’s stock after selling 33,866 shares during the quarter. JPMorgan Chase & Co.’s holdings in Invesco Variable Rate Investment Grade ETF were worth $102,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Aptus Capital Advisors LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 161.7% during the third quarter. Aptus Capital Advisors LLC now owns 6,101 shares of the company’s stock worth $153,000 after purchasing an additional 3,770 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 155.5% during the third quarter. Private Trust Co. NA now owns 6,285 shares of the company’s stock worth $158,000 after purchasing an additional 3,825 shares during the last quarter. Kraematon Investment Advisors Inc. purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the third quarter worth approximately $209,000. PAX Financial Group LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the third quarter worth approximately $212,000. Finally, Empirical Asset Management LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 18.8% during the third quarter. Empirical Asset Management LLC now owns 9,524 shares of the company’s stock worth $239,000 after purchasing an additional 1,507 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG stock opened at $25.10 on Monday. The business’s fifty day moving average price is $25.10 and its 200 day moving average price is $25.11. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.90 and a 1-year high of $25.18.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 27th. Investors 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 yield of 4.5%. The ex-dividend date of this dividend was Monday, March 23rd.

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