E6 Portfolios LLC Takes $4.51 Million Position in Invesco Variable Rate Investment Grade ETF $VRIG

E6 Portfolios LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 179,797 shares of the company’s stock, valued at approximately $4,513,000. Invesco Variable Rate Investment Grade ETF comprises approximately 5.2% of E6 Portfolios LLC’s portfolio, making the stock its 7th biggest position. E6 Portfolios LLC owned about 0.33% of Invesco Variable Rate Investment Grade ETF at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Morgan Stanley boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 10.0% during the 4th quarter. Morgan Stanley now owns 2,246,537 shares of the company’s stock valued at $56,388,000 after acquiring an additional 205,031 shares during the last quarter. Fiduciary Planning LLC boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 1.4% during the 4th quarter. Fiduciary Planning LLC now owns 977,936 shares of the company’s stock valued at $24,546,000 after acquiring an additional 13,816 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 5.1% during the 4th quarter. Stifel Financial Corp now owns 842,362 shares of the company’s stock valued at $21,143,000 after acquiring an additional 40,954 shares during the last quarter. Cherry Creek Investment Advisors Inc. lifted its position in Invesco Variable Rate Investment Grade ETF by 3.1% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 696,853 shares of the company’s stock worth $17,491,000 after buying an additional 21,021 shares during the last quarter. Finally, Equitable Holdings Inc. lifted its position in Invesco Variable Rate Investment Grade ETF by 1.0% in the 2nd quarter. Equitable Holdings Inc. now owns 685,767 shares of the company’s stock worth $17,178,000 after buying an additional 6,545 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ:VRIG opened at $25.10 on Friday. The business has a 50 day moving average of $25.07 and a 200 day moving average of $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 company also recently announced a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were given a $0.0937 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, May 18th. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09.

Invesco Variable Rate Investment Grade ETF 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.