Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Shares Sold by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV decreased its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 32.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,129 shares of the company’s stock after selling 52,937 shares during the period. Invesco Variable Rate Investment Grade ETF accounts for approximately 0.5% of Mainstay Capital Management LLC ADV’s investment portfolio, making the stock its 12th largest position. Mainstay Capital Management LLC ADV owned 0.26% of Invesco Variable Rate Investment Grade ETF worth $2,737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in VRIG. LPL Financial LLC grew its position in Invesco Variable Rate Investment Grade ETF by 22.5% in the second quarter. LPL Financial LLC now owns 2,698,211 shares of the company’s stock worth $67,833,000 after acquiring an additional 495,070 shares during the period. Fiduciary Planning LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 2.8% during the 3rd quarter. Fiduciary Planning LLC now owns 1,027,787 shares of the company’s stock worth $25,782,000 after purchasing an additional 28,469 shares during the last quarter. Cherry Creek Investment Advisors Inc. lifted its position in Invesco Variable Rate Investment Grade ETF by 1.9% in the third quarter. Cherry Creek Investment Advisors Inc. now owns 562,614 shares of the company’s stock valued at $14,113,000 after buying an additional 10,442 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Invesco Variable Rate Investment Grade ETF by 31.5% during the second quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock worth $12,988,000 after buying an additional 123,707 shares during the period. Finally, Sunflower Bank N.A. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 0.3% in the 3rd quarter. Sunflower Bank N.A. now owns 515,241 shares of the company’s stock valued at $12,925,000 after acquiring an additional 1,339 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Down 0.1 %

NASDAQ:VRIG opened at $25.06 on Friday. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.85 and a fifty-two week high of $25.24. The company has a 50 day moving average price of $25.11 and a 200 day moving average price of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, October 21st will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 5.75%. The ex-dividend date is Monday, October 21st.

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.