44,762 Shares of Invesco Variable Rate Investment Grade ETF $VRIG Purchased by Trademark Financial Management LLC

Trademark Financial Management LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the third quarter, HoldingsChannel.com reports. The firm bought 44,762 shares of the company’s stock, valued at approximately $1,120,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRIG. Centurion Wealth Management LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 0.6% during the 2nd quarter. Centurion Wealth Management LLC now owns 86,304 shares of the company’s stock worth $2,164,000 after purchasing an additional 522 shares during the period. Rockefeller Capital Management L.P. raised its position in Invesco Variable Rate Investment Grade ETF by 2.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 21,722 shares of the company’s stock valued at $545,000 after purchasing an additional 619 shares in the last quarter. Wagner Wealth Management LLC boosted its stake in shares of Invesco Variable Rate Investment Grade ETF by 0.4% in the 1st quarter. Wagner Wealth Management LLC now owns 186,384 shares of the company’s stock valued at $4,666,000 after buying an additional 814 shares during the period. Royal Bank of Canada boosted its stake in shares of Invesco Variable Rate Investment Grade ETF by 1.5% in the 1st quarter. Royal Bank of Canada now owns 88,278 shares of the company’s stock valued at $2,210,000 after buying an additional 1,344 shares during the period. Finally, Sound Income Strategies LLC grew its position in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% during the first quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock worth $35,000 after buying an additional 1,411 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Down 0.0%

Shares of NASDAQ:VRIG opened at $24.99 on Monday. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.98 and a fifty-two week high of $25.18. The firm’s 50 day moving average price is $25.06 and its 200 day moving average price is $25.07.

Invesco Variable Rate Investment Grade ETF Increases Dividend

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

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.