Invesco Variable Rate Investment Grade ETF $VRIG is Harfst & Associates Inc.’s 10th Largest Position

Harfst & Associates Inc. lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 140.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,096 shares of the company’s stock after purchasing an additional 200,845 shares during the period. Invesco Variable Rate Investment Grade ETF comprises approximately 1.6% of Harfst & Associates Inc.’s holdings, making the stock its 10th biggest holding. Harfst & Associates Inc.’s holdings in Invesco Variable Rate Investment Grade ETF were worth $8,637,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of VRIG. PNC Financial Services Group Inc. purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth approximately $35,000. CoreCap Advisors LLC increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 64.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock worth $46,000 after purchasing an additional 718 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 161.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 6,101 shares of the company’s stock worth $153,000 after purchasing an additional 3,770 shares in the last quarter. Kraematon Investment Advisors Inc. purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth approximately $209,000. Finally, Empirical Asset Management LLC increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 18.8% during the 3rd quarter. Empirical Asset Management LLC now owns 9,524 shares of the company’s stock worth $239,000 after purchasing an additional 1,507 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG opened at $25.08 on Wednesday. The firm has a 50 day simple moving average of $25.06 and a 200-day simple moving average of $25.10. Invesco Variable Rate Investment Grade ETF has a 1-year low of $25.00 and a 1-year high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were given a dividend of $0.0937 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09. The ex-dividend date was Monday, May 18th.

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.