Invesco Variable Rate Investment Grade ETF $VRIG Stock Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 58.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 463,429 shares of the company’s stock after selling 643,993 shares during the period. Commonwealth Equity Services LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $11,597,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Signature Equity Partners LLC acquired a new position in Invesco Variable Rate Investment Grade ETF during the third quarter worth approximately $133,000. Intrua Financial LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the third quarter worth approximately $465,000. MGO One Seven LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the third quarter worth approximately $230,000. Avestar Capital LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at $771,000. Finally, Auour Investments LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at $10,402,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of VRIG opened at $25.07 on Thursday. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.98 and a fifty-two week high of $25.18. The company’s fifty day moving average is $25.04 and its two-hundred day moving average is $25.08.

Invesco Variable Rate Investment Grade ETF Increases Dividend

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

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.