Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) to Issue Monthly Dividend of $0.09

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) declared a monthly dividend on Monday, October 19th. Shareholders of record on Monday, October 19th will be paid a dividend of $0.0938 per share on Friday, October 23rd. This represents a $1.13 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, October 19th. This is a 2.8% increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912.

Invesco Variable Rate Investment Grade ETF Trading Down 0.4%

NASDAQ:VRIG traded down $0.09 during trading hours on Monday, reaching $24.99. The company had a trading volume of 426,690 shares, compared to its average volume of 530,782. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.98 and a 1-year high of $25.18. The business’s 50 day moving average price is $25.07 and its 200-day moving average price is $25.07.

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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.