Laidlaw Wealth Management LLC Cuts Stock Position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Laidlaw Wealth Management LLC cut its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 22.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 9,256 shares of the company’s stock after selling 2,731 shares during the period. Laidlaw Wealth Management LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $233,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vima LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth approximately $30,000. NBC Securities Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth approximately $80,000. Advisors Asset Management Inc. boosted its stake in shares of Invesco Variable Rate Investment Grade ETF by 168.3% in the 1st quarter. Advisors Asset Management Inc. now owns 6,461 shares of the company’s stock valued at $162,000 after purchasing an additional 4,053 shares in the last quarter. Calton & Associates Inc. bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the 1st quarter valued at $202,000. Finally, Prevail Innovative Wealth Advisors LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the 1st quarter valued at $215,000.

Invesco Variable Rate Investment Grade ETF Price Performance

Invesco Variable Rate Investment Grade ETF stock opened at $25.11 on Tuesday. The firm has a fifty day simple moving average of $25.12 and a two-hundred day simple moving average of $25.13. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.85 and a twelve month high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 19th were issued a dividend of $0.126 per share. This represents a $1.51 annualized dividend and a yield of 6.02%. The ex-dividend date was Monday, August 19th.

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.