168,052 Shares of Invesco Variable Rate Investment Grade ETF $VRIG Acquired by James Investment Research Inc.

James Investment Research Inc. bought a new position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 168,052 shares of the company’s stock, valued at approximately $4,206,000.

Other large investors have also made changes to their positions in the company. Harfst & Associates Inc. lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 11.3% in the 3rd quarter. Harfst & Associates Inc. now owns 1,004,561 shares of the company’s stock valued at $25,139,000 after acquiring an additional 101,796 shares in the last quarter. South Shore Capital Advisors purchased a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth approximately $248,000. Prairie Advisory LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth approximately $3,290,000. Cottage Street Advisors LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at $1,389,000. Finally, IFP Advisors Inc acquired a new stake in Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at $6,967,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG opened at $24.99 on Friday. The stock has a fifty day moving average of $25.06 and a 200-day moving average of $25.07. Invesco Variable Rate Investment Grade ETF has a 12-month low of $24.98 and a 12-month high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were issued a dividend of $0.0938 per share. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, October 19th.

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.