Parsons Capital Management Inc. RI Increases Stock Holdings in Invesco Variable Rate Investment Grade ETF $VRIG

Parsons Capital Management Inc. RI raised its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 314,350 shares of the company’s stock after purchasing an additional 20,234 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Invesco Variable Rate Investment Grade ETF were worth $7,890,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Verdence Capital Advisors LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 3rd quarter worth about $2,452,000. Inspire Advisors LLC raised its stake in Invesco Variable Rate Investment Grade ETF by 2.3% in the third quarter. Inspire Advisors LLC now owns 50,641 shares of the company’s stock worth $1,271,000 after buying an additional 1,144 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in Invesco Variable Rate Investment Grade ETF by 13.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 30,985 shares of the company’s stock valued at $778,000 after acquiring an additional 3,618 shares in the last quarter. Cerro Pacific Wealth Advisors LLC boosted its position in Invesco Variable Rate Investment Grade ETF by 7.1% during the 3rd quarter. Cerro Pacific Wealth Advisors LLC now owns 357,114 shares of the company’s stock valued at $8,964,000 after acquiring an additional 23,531 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 11.1% during the 3rd quarter. ORG Partners LLC now owns 114,800 shares of the company’s stock worth $2,882,000 after acquiring an additional 11,466 shares during the period.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of NASDAQ:VRIG opened at $25.15 on Tuesday. The stock has a 50 day moving average price of $25.11 and a 200-day moving average price of $25.11. Invesco Variable Rate Investment Grade ETF has a 52-week low of $24.79 and a 52-week high of $25.19.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th will be issued a $0.0998 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.10. The ex-dividend date is Tuesday, January 20th.

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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.