TAP Consulting LLC Has $1.09 Million Stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

TAP Consulting LLC grew its stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 7.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,522 shares of the company’s stock after purchasing an additional 3,105 shares during the period. TAP Consulting LLC owned about 0.10% of Invesco Variable Rate Investment Grade ETF worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vima LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at $30,000. Advisors Asset Management Inc. grew its position in Invesco Variable Rate Investment Grade ETF by 168.3% during the first quarter. Advisors Asset Management Inc. now owns 6,461 shares of the company’s stock valued at $162,000 after buying an additional 4,053 shares during the period. Calton & Associates Inc. bought a new position in Invesco Variable Rate Investment Grade ETF during the first quarter valued at about $202,000. Prevail Innovative Wealth Advisors LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF during the first quarter valued at about $215,000. Finally, Inspire Advisors LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF during the second quarter valued at about $287,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of Invesco Variable Rate Investment Grade ETF stock remained flat at $25.13 on Friday. 187,170 shares of the stock were exchanged, compared to its average volume of 299,906. The stock’s 50-day moving average price is $25.12 and its 200 day moving average price is $25.13. Invesco Variable Rate Investment Grade ETF has a 52-week low of $24.85 and a 52-week high of $25.24.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.127 dividend. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.52 annualized dividend and a dividend yield of 6.06%.

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.