Truist Financial Corp Sells 57,229 Shares of Invesco Variable Rate Investment Grade ETF $VRIG

Truist Financial Corp trimmed its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 41.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,037 shares of the company’s stock after selling 57,229 shares during the quarter. Truist Financial Corp owned 0.15% of Invesco Variable Rate Investment Grade ETF worth $2,034,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CoreCap Advisors LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 64.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock worth $46,000 after purchasing an additional 718 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 161.7% during the third quarter. Aptus Capital Advisors LLC now owns 6,101 shares of the company’s stock worth $153,000 after purchasing an additional 3,770 shares during the last quarter. Kraematon Investment Advisors Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the third quarter worth $209,000. PAX Financial Group LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the third quarter worth $212,000. Finally, Empirical Asset Management LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 18.8% during the third quarter. Empirical Asset Management LLC now owns 9,524 shares of the company’s stock worth $239,000 after purchasing an additional 1,507 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Up 0.1%

NASDAQ:VRIG opened at $25.12 on Thursday. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.98 and a twelve month high of $25.18. The stock has a fifty day simple moving average of $25.07 and a 200-day simple moving average of $25.10.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 24th. Stockholders of record on Monday, April 20th were given a dividend of $0.0868 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, April 20th.

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.