Prevail Innovative Wealth Advisors LLC Lowers Stock Position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Prevail Innovative Wealth Advisors LLC cut its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,145 shares of the company’s stock after selling 410 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $205,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in Invesco Variable Rate Investment Grade ETF by 22.5% during the second quarter. LPL Financial LLC now owns 2,698,211 shares of the company’s stock worth $67,833,000 after buying an additional 495,070 shares in the last quarter. Fiduciary Planning LLC raised its position in Invesco Variable Rate Investment Grade ETF by 5.2% during the second quarter. Fiduciary Planning LLC now owns 999,318 shares of the company’s stock worth $25,123,000 after acquiring an additional 49,748 shares during the period. Aveo Capital Partners LLC raised its position in Invesco Variable Rate Investment Grade ETF by 48.7% during the second quarter. Aveo Capital Partners LLC now owns 21,329 shares of the company’s stock worth $536,000 after acquiring an additional 6,983 shares during the period. Founders Financial Securities LLC raised its position in Invesco Variable Rate Investment Grade ETF by 24.1% during the second quarter. Founders Financial Securities LLC now owns 129,026 shares of the company’s stock worth $3,244,000 after acquiring an additional 25,070 shares during the period. Finally, Trademark Financial Management LLC raised its position in Invesco Variable Rate Investment Grade ETF by 25.0% during the second quarter. Trademark Financial Management LLC now owns 20,959 shares of the company’s stock worth $527,000 after acquiring an additional 4,195 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ:VRIG opened at $25.16 on Friday. The company has a fifty day moving average of $25.13 and a two-hundred day moving average of $25.13. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.85 and a fifty-two week high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 19th were given a dividend of $0.126 per share. This represents a $1.51 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date was Monday, August 19th.

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.