Invesco Variable Rate Investment Grade ETF $VRIG Shares Newly Purchased by Parallel Advisors LLC

Parallel Advisors LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 24,084 shares of the company’s stock, valued at approximately $603,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Heritage Family Offices LLP acquired a new stake in Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at about $32,000. CoreCap Advisors LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the third quarter worth approximately $37,000. NorthLanding Financial Partners LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the second quarter valued at approximately $131,000. Signature Equity Partners LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the third quarter valued at approximately $133,000. Finally, Matrix Private Capital Group LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the first quarter valued at approximately $145,000.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.07 on Thursday. The firm has a 50 day simple moving average of $25.04 and a 200 day simple moving average of $25.08. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.98 and a fifty-two week high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were issued a dividend of $0.0938 per share. The ex-dividend date of this dividend was Monday, October 19th. This represents a $1.13 annualized dividend and a yield of 4.5%. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912.

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