Vectors Research Management LLC Has $15.22 Million Stock Position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Vectors Research Management LLC decreased its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 606,605 shares of the company’s stock after selling 10,950 shares during the quarter. Invesco Variable Rate Investment Grade ETF accounts for approximately 4.6% of Vectors Research Management LLC’s holdings, making the stock its 2nd biggest holding. Vectors Research Management LLC owned approximately 1.43% of Invesco Variable Rate Investment Grade ETF worth $15,217,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VRIG. Raymond James & Associates lifted its position in Invesco Variable Rate Investment Grade ETF by 90.2% during the 3rd quarter. Raymond James & Associates now owns 160,470 shares of the company’s stock valued at $4,025,000 after purchasing an additional 76,086 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 11.8% in the first quarter. Oppenheimer & Co. Inc. now owns 19,000 shares of the company’s stock valued at $477,000 after buying an additional 2,000 shares during the period. Atria Wealth Solutions Inc. boosted its stake in Invesco Variable Rate Investment Grade ETF by 1.2% in the second quarter. Atria Wealth Solutions Inc. now owns 279,731 shares of the company’s stock valued at $7,032,000 after acquiring an additional 3,197 shares during the last quarter. Holderness Investments Co. grew its holdings in Invesco Variable Rate Investment Grade ETF by 1.7% during the 2nd quarter. Holderness Investments Co. now owns 55,836 shares of the company’s stock worth $1,404,000 after acquiring an additional 936 shares during the period. Finally, ICA Group Wealth Management LLC raised its position in shares of Invesco Variable Rate Investment Grade ETF by 651.0% during the 2nd quarter. ICA Group Wealth Management LLC now owns 85,424 shares of the company’s stock valued at $2,148,000 after acquiring an additional 74,049 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

Invesco Variable Rate Investment Grade ETF stock opened at $25.17 on Friday. The business has a 50-day moving average of $25.12 and a 200-day moving average of $25.13. Invesco Variable Rate Investment Grade ETF has a 1 year low of $24.85 and a 1 year high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $1.44 annualized dividend and a yield of 5.72%.

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.