Invesco Variable Rate Investment Grade ETF $VRIG Shares Newly Acquired by Parallel Advisors LLC

Parallel Advisors LLC acquired a new position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 24,084 shares of the company’s stock, valued at approximately $603,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in Invesco Variable Rate Investment Grade ETF by 79.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock valued at $44,611,000 after purchasing an additional 789,612 shares during the period. Harfst & Associates Inc. grew its position in shares of Invesco Variable Rate Investment Grade ETF by 11.3% during the 3rd quarter. Harfst & Associates Inc. now owns 1,004,561 shares of the company’s stock worth $25,139,000 after buying an additional 101,796 shares during the period. Cetera Investment Advisers grew its position in shares of Invesco Variable Rate Investment Grade ETF by 24.9% during the 1st quarter. Cetera Investment Advisers now owns 543,151 shares of the company’s stock worth $13,598,000 after buying an additional 108,220 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 5.1% during the second quarter. Wealthcare Advisory Partners LLC now owns 536,030 shares of the company’s stock worth $13,438,000 after buying an additional 26,109 shares during the last quarter. Finally, Courier Capital LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 77.7% during the third quarter. Courier Capital LLC now owns 477,268 shares of the company’s stock worth $11,944,000 after buying an additional 208,661 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

VRIG opened at $25.07 on Thursday. The firm has a 50 day simple moving average of $25.04 and a 200 day simple moving average of $25.08. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.98 and a fifty-two week high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were issued a dividend of $0.0938 per share. The ex-dividend date of this dividend was Monday, October 19th. This represents a $1.13 dividend on an annualized basis and a yield of 4.5%. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912.

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.