Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Shares Bought by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC grew its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,579 shares of the company’s stock after buying an additional 5,668 shares during the period. Invesco Variable Rate Investment Grade ETF accounts for about 1.3% of Cerro Pacific Wealth Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Cerro Pacific Wealth Advisors LLC owned 0.32% of Invesco Variable Rate Investment Grade ETF worth $3,383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Holderness Investments Co. boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 1.7% in the second quarter. Holderness Investments Co. now owns 55,836 shares of the company’s stock valued at $1,404,000 after acquiring an additional 936 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of Invesco Variable Rate Investment Grade ETF by 4.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 24,977 shares of the company’s stock valued at $628,000 after purchasing an additional 1,155 shares during the period. Vima LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth $30,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 11.8% in the first quarter. Oppenheimer & Co. Inc. now owns 19,000 shares of the company’s stock valued at $477,000 after buying an additional 2,000 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its stake in Invesco Variable Rate Investment Grade ETF by 1.2% during the second quarter. Atria Wealth Solutions Inc. now owns 279,731 shares of the company’s stock valued at $7,032,000 after buying an additional 3,197 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.13 on Friday. Invesco Variable Rate Investment Grade ETF has a 52 week low of $24.85 and a 52 week high of $25.24. The company’s 50-day moving average price is $25.12 and its two-hundred day moving average price is $25.13.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.127 per share. This represents a $1.52 dividend on an annualized basis and a yield of 6.06%. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Monday, September 23rd.

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.