Regal Investment Advisors LLC Has $6.14 Million Stock Holdings in Invesco Variable Rate Investment Grade ETF $VRIG

Regal Investment Advisors LLC boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 116.4% during the third quarter, HoldingsChannel reports. The fund owned 244,429 shares of the company’s stock after purchasing an additional 131,494 shares during the quarter. Regal Investment Advisors LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $6,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 59.8% during the second quarter. Osaic Holdings Inc. now owns 1,625,306 shares of the company’s stock valued at $40,733,000 after acquiring an additional 608,429 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 979,802 shares of the company’s stock worth $24,544,000 after purchasing an additional 21,924 shares during the last quarter. Equitable Holdings Inc. increased its holdings in Invesco Variable Rate Investment Grade ETF by 1.0% in the second quarter. Equitable Holdings Inc. now owns 685,767 shares of the company’s stock valued at $17,178,000 after purchasing an additional 6,545 shares during the period. Cherry Creek Investment Advisors Inc. increased its holdings in Invesco Variable Rate Investment Grade ETF by 3.3% in the third quarter. Cherry Creek Investment Advisors Inc. now owns 675,832 shares of the company’s stock valued at $16,963,000 after purchasing an additional 21,649 shares during the period. Finally, Cetera Investment Advisers raised its position in Invesco Variable Rate Investment Grade ETF by 1.2% during the 2nd quarter. Cetera Investment Advisers now owns 576,615 shares of the company’s stock worth $14,444,000 after purchasing an additional 6,938 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Down 0.0%

Shares of VRIG opened at $25.10 on Friday. Invesco Variable Rate Investment Grade ETF has a 12 month low of $24.79 and a 12 month high of $25.18. The stock’s 50-day moving average price is $25.13 and its two-hundred day moving average price is $25.11.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.0968 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, February 23rd.

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.