Invesco Variable Rate Investment Grade ETF $VRIG Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 53.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 31,750 shares of the company’s stock after selling 36,114 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invesco Variable Rate Investment Grade ETF were worth $795,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VRIG. Verdence Capital Advisors LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the third quarter worth $1,580,000. E6 Portfolios LLC purchased a new position in Invesco Variable Rate Investment Grade ETF in the 3rd quarter worth approximately $9,142,000. Kingswood Wealth Advisors LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF in the third quarter valued at approximately $1,057,000. Trademark Financial Management LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF in the third quarter valued at approximately $1,120,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the third quarter valued at approximately $2,455,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of VRIG stock opened at $25.03 on Wednesday. The firm has a fifty day simple moving average of $25.05 and a 200-day simple moving average of $25.08. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.98 and a twelve month 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 $0.0938 dividend. The ex-dividend date was Monday, October 19th. This represents a $1.13 dividend on an annualized basis and a yield of 4.5%. This is an increase 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.