Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 28.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,288,316 shares of the company’s stock after purchasing an additional 732,516 shares during the period. LPL Financial LLC owned about 6.69% of Invesco Variable Rate Investment Grade ETF worth $82,586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at $100,000. Truist Financial Corp acquired a new stake in Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at about $208,000. SageOak Financial LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at about $222,000. Kingswood Wealth Advisors LLC acquired a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth about $241,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at about $292,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG stock opened at $25.06 on Wednesday. The company’s 50 day simple moving average is $25.13 and its 200-day simple moving average is $25.13. Invesco Variable Rate Investment Grade ETF has a 12 month low of $25.05 and a 12 month high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a dividend of $0.0986 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.