Oppenheimer & Co. Inc. lessened its stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG – Free Report) by 53.2% in the third quarter, Holdings Channel reports. The institutional investor owned 31,750 shares of the company’s stock after selling 36,114 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invesco Variable Rate Investment Grade ETF were worth $795,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC acquired a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth $1,580,000. E6 Portfolios LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the third quarter worth about $9,142,000. Kingswood Wealth Advisors LLC bought a new stake in Invesco Variable Rate Investment Grade ETF in the third quarter valued at about $1,057,000. Trademark Financial Management LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the third quarter valued at approximately $1,120,000. Finally, Simplicity Wealth LLC bought a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth approximately $2,455,000.
Invesco Variable Rate Investment Grade ETF Trading Up 0.0%
Shares of VRIG opened at $25.03 on Wednesday. Invesco Variable Rate Investment Grade ETF has a 52 week low of $24.98 and a 52 week high of $25.18. The stock has a 50 day moving average of $25.05 and a 200-day moving average of $25.08.
Invesco Variable Rate Investment Grade ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were paid a dividend of $0.0938 per share. This represents a $1.13 annualized dividend and a yield of 4.5%. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. The ex-dividend date was Monday, October 19th.
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.
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Want to see what other hedge funds are holding VRIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG – Free Report).
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