Oppenheimer & Co. Inc. Acquires 10,600 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Oppenheimer & Co. Inc. boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 35.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,600 shares of the company’s stock after purchasing an additional 10,600 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.08% of Invesco Variable Rate Investment Grade ETF worth $1,020,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VRIG. Golden State Wealth Management LLC bought a new stake in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at approximately $100,000. Concorde Asset Management LLC bought a new stake in Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at approximately $202,000. Truist Financial Corp bought a new stake in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at approximately $208,000. Kingswood Wealth Advisors LLC bought a new stake in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at approximately $241,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at approximately $292,000.

Invesco Variable Rate Investment Grade ETF Price Performance

Invesco Variable Rate Investment Grade ETF stock opened at $25.12 on Wednesday. The business has a 50 day moving average price of $25.13 and a two-hundred day moving average price of $25.12. Invesco Variable Rate Investment Grade ETF has a 12 month low of $25.03 and a 12 month high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were issued a $0.1041 dividend. The ex-dividend date of this dividend was Monday, February 24th.

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.