Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Shares Sold by Concourse Financial Group Securities Inc.

Concourse Financial Group Securities Inc. cut its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,561 shares of the company’s stock after selling 2,343 shares during the period. Concourse Financial Group Securities Inc. owned 0.34% of Invesco Variable Rate Investment Grade ETF worth $3,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Holderness Investments Co. increased its holdings in Invesco Variable Rate Investment Grade ETF by 1.7% in the second quarter. Holderness Investments Co. now owns 55,836 shares of the company’s stock valued at $1,404,000 after buying an additional 936 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Invesco Variable Rate Investment Grade ETF by 4.8% during the second quarter. Arkadios Wealth Advisors now owns 24,977 shares of the company’s stock worth $628,000 after purchasing an additional 1,155 shares during the last quarter. Vima LLC acquired a new position in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at approximately $30,000. Oppenheimer & Co. Inc. increased its stake 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 purchasing an additional 2,000 shares during the last quarter. Finally, TAP Consulting LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 7.7% during the third quarter. TAP Consulting LLC now owns 43,522 shares of the company’s stock worth $1,092,000 after purchasing an additional 3,105 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of NASDAQ:VRIG opened at $25.14 on Friday. The firm has a 50 day simple moving average of $25.12 and a 200-day simple moving average of $25.13. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.85 and a twelve month high of $25.24.

Invesco Variable Rate Investment Grade ETF Increases Dividend

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

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.