Invesco Variable Rate Investment Grade ETF $VRIG Shares Sold by LPL Financial LLC

LPL Financial LLC decreased its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,648,490 shares of the company’s stock after selling 128,361 shares during the period. LPL Financial LLC owned about 10.47% of Invesco Variable Rate Investment Grade ETF worth $141,777,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VRIG. PNC Financial Services Group Inc. acquired a new stake in Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at about $35,000. CoreCap Advisors LLC raised its position in Invesco Variable Rate Investment Grade ETF by 64.9% in the 4th quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock valued at $46,000 after purchasing an additional 718 shares in the last quarter. Aptus Capital Advisors LLC raised its position in Invesco Variable Rate Investment Grade ETF by 161.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 6,101 shares of the company’s stock valued at $153,000 after purchasing an additional 3,770 shares in the last quarter. Kraematon Investment Advisors Inc. acquired a new stake in Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at about $209,000. Finally, Empirical Asset Management LLC raised its position in Invesco Variable Rate Investment Grade ETF by 18.8% in the 3rd quarter. Empirical Asset Management LLC now owns 9,524 shares of the company’s stock valued at $239,000 after purchasing an additional 1,507 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

VRIG stock opened at $25.09 on Thursday. The business’s 50-day moving average is $25.07 and its two-hundred day moving average is $25.09. Invesco Variable Rate Investment Grade ETF has a 1 year low of $25.00 and a 1 year high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were given a $0.0937 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a c) dividend on an annualized basis and a yield of 4.5%. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09.

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