Vectors Research Management LLC Sells 10,950 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Vectors Research Management LLC reduced its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 1.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 606,605 shares of the company’s stock after selling 10,950 shares during the period. Invesco Variable Rate Investment Grade ETF comprises 4.6% of Vectors Research Management LLC’s holdings, making the stock its 2nd largest position. Vectors Research Management LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $15,217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NBC Securities Inc. lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 34.7% during the 3rd quarter. NBC Securities Inc. now owns 5,181 shares of the company’s stock worth $129,000 after buying an additional 1,335 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Invesco Variable Rate Investment Grade ETF by 168.3% in the first quarter. Advisors Asset Management Inc. now owns 6,461 shares of the company’s stock valued at $162,000 after purchasing an additional 4,053 shares during the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the first quarter valued at approximately $215,000. Inspire Advisors LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the second quarter worth approximately $287,000. Finally, Calton & Associates Inc. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 47.7% during the 2nd quarter. Calton & Associates Inc. now owns 11,914 shares of the company’s stock worth $300,000 after purchasing an additional 3,850 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG stock opened at $25.17 on Friday. The business’s fifty day moving average price is $25.12 and its two-hundred day moving average price is $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 firm also recently declared a monthly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 21st were given a $0.12 dividend. The ex-dividend date was Monday, October 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.72%.

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.