Pineridge Advisors LLC Purchases New Holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Pineridge Advisors LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 13,824 shares of the company’s stock, valued at approximately $345,000.

Other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in Invesco Variable Rate Investment Grade ETF by 588.5% in the third quarter. Envestnet Asset Management Inc. now owns 352,782 shares of the company’s stock worth $8,800,000 after buying an additional 301,544 shares during the last quarter. Bison Wealth LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 62.8% in the third quarter. Bison Wealth LLC now owns 130,150 shares of the company’s stock worth $3,247,000 after buying an additional 50,189 shares during the last quarter. LPL Financial LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 21.4% in the third quarter. LPL Financial LLC now owns 1,410,502 shares of the company’s stock worth $35,184,000 after buying an additional 248,526 shares during the last quarter. Stifel Financial Corp raised its holdings in Invesco Variable Rate Investment Grade ETF by 33.2% in the third quarter. Stifel Financial Corp now owns 587,129 shares of the company’s stock worth $14,646,000 after buying an additional 146,195 shares during the last quarter. Finally, Vista Investment Management raised its holdings in Invesco Variable Rate Investment Grade ETF by 6.2% in the third quarter. Vista Investment Management now owns 136,053 shares of the company’s stock worth $3,394,000 after buying an additional 7,945 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Up 0.1 %

Invesco Variable Rate Investment Grade ETF stock traded up $0.02 during trading hours on Friday, hitting $25.22. The stock had a trading volume of 114,114 shares, compared to its average volume of 317,554. Invesco Variable Rate Investment Grade ETF has a 12-month low of $24.82 and a 12-month high of $25.22. The stock’s 50-day moving average price is $25.15 and its 200-day moving average price is $25.09.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 24th. Stockholders of record on Tuesday, May 21st were paid a $0.1267 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.03%.

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.