Concurrent Investment Advisors LLC Buys 49,291 Shares of Invesco Variable Rate Investment Grade ETF $VRIG

Concurrent Investment Advisors LLC lifted its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 30.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 212,049 shares of the company’s stock after acquiring an additional 49,291 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.39% of Invesco Variable Rate Investment Grade ETF worth $5,322,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Fiduciary Planning LLC raised its position in Invesco Variable Rate Investment Grade ETF by 1.4% in the 4th quarter. Fiduciary Planning LLC now owns 977,936 shares of the company’s stock worth $24,546,000 after purchasing an additional 13,816 shares during the period. Cherry Creek Investment Advisors Inc. raised its position in Invesco Variable Rate Investment Grade ETF by 3.1% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 696,853 shares of the company’s stock worth $17,491,000 after purchasing an additional 21,021 shares during the period. Equitable Holdings Inc. raised its position in Invesco Variable Rate Investment Grade ETF by 1.0% in the 2nd quarter. Equitable Holdings Inc. now owns 685,767 shares of the company’s stock worth $17,178,000 after purchasing an additional 6,545 shares during the period. Wealthcare Advisory Partners LLC raised its position in Invesco Variable Rate Investment Grade ETF by 6.6% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 512,330 shares of the company’s stock worth $12,859,000 after purchasing an additional 31,866 shares during the period. Finally, Raymond James Financial Inc. raised its position in Invesco Variable Rate Investment Grade ETF by 31.4% in the 3rd quarter. Raymond James Financial Inc. now owns 506,641 shares of the company’s stock worth $12,717,000 after purchasing an additional 120,933 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of NASDAQ:VRIG opened at $25.03 on Monday. The company’s fifty day moving average is $25.08 and its 200 day moving average is $25.10. Invesco Variable Rate Investment Grade ETF has a 52 week low of $24.95 and a 52 week 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, April 24th. Investors of record on Monday, April 20th were given a $0.0868 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, April 20th.

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.