Invesco Variable Rate Investment Grade ETF $VRIG Shares Newly Purchased by Worth Asset Management LLC

Worth Asset Management LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 162,902 shares of the company’s stock, valued at approximately $4,077,000. Invesco Variable Rate Investment Grade ETF comprises approximately 1.2% of Worth Asset Management LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRIG. Bank of New York Mellon Corp grew its position in shares of Invesco Variable Rate Investment Grade ETF by 79.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock valued at $44,611,000 after purchasing an additional 789,612 shares in the last quarter. Cetera Investment Advisers boosted its stake in Invesco Variable Rate Investment Grade ETF by 24.9% during the first quarter. Cetera Investment Advisers now owns 543,151 shares of the company’s stock valued at $13,598,000 after buying an additional 108,220 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in Invesco Variable Rate Investment Grade ETF by 5.1% during the second quarter. Wealthcare Advisory Partners LLC now owns 536,030 shares of the company’s stock valued at $13,438,000 after buying an additional 26,109 shares during the period. Vectors Research Management LLC grew its position in Invesco Variable Rate Investment Grade ETF by 0.7% during the first quarter. Vectors Research Management LLC now owns 344,900 shares of the company’s stock worth $8,635,000 after buying an additional 2,391 shares in the last quarter. Finally, Greenleaf Trust bought a new position in Invesco Variable Rate Investment Grade ETF in the 2nd quarter worth about $8,459,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of NASDAQ:VRIG traded up $0.01 on Wednesday, hitting $25.05. The company’s stock had a trading volume of 462,303 shares, compared to its average volume of 520,988. The company has a 50-day simple moving average of $25.07 and a 200 day simple moving average of $25.07. 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 business also recently announced a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a dividend of $0.0912 per share. The ex-dividend date was Monday, September 21st. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. This represents a $1.09 annualized dividend and a yield of 4.4%.

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.