Vima LLC Invests $30,000 in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Vima LLC bought a new position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,204 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at $80,000. Steward Partners Investment Advisory LLC increased its position in Invesco Variable Rate Investment Grade ETF by 47.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,650 shares of the company’s stock valued at $216,000 after purchasing an additional 2,800 shares during the period. Lido Advisors LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at $240,000. Accurate Wealth Management LLC increased its position in Invesco Variable Rate Investment Grade ETF by 18.1% during the 4th quarter. Accurate Wealth Management LLC now owns 10,268 shares of the company’s stock valued at $258,000 after purchasing an additional 1,574 shares during the period. Finally, WealthPlan Investment Management LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at $286,000.

Invesco Variable Rate Investment Grade ETF Stock Up 0.1 %

Shares of NASDAQ:VRIG traded up $0.02 during midday trading on Friday, reaching $25.22. The company’s stock had a trading volume of 114,114 shares, compared to its average volume of 317,554. The firm has a 50 day moving average of $25.15 and a 200-day moving average of $25.09. Invesco Variable Rate Investment Grade ETF has a 12-month low of $24.82 and a 12-month high of $25.22.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

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

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.