Sigma Planning Corp lowered its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG – Free Report) by 38.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,007 shares of the company’s stock after selling 23,304 shares during the period. Sigma Planning Corp’s holdings in Invesco Variable Rate Investment Grade ETF were worth $951,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Trademark Financial Management LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the third quarter worth about $1,120,000. Simplicity Wealth LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF in the third quarter valued at $2,455,000. Beaumont Financial Advisors LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth $6,385,000. James Investment Research Inc. purchased a new stake in Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth $4,206,000. Finally, Harfst & Associates Inc. boosted its position in 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 buying an additional 101,796 shares during the last quarter.
Invesco Variable Rate Investment Grade ETF Trading Up 0.1%
NASDAQ:VRIG opened at $25.03 on Friday. Invesco Variable Rate Investment Grade ETF has a one year low of $24.98 and a one year high of $25.18. The business’s 50-day simple moving average is $25.05 and its 200 day simple moving average is $25.08.
Invesco Variable Rate Investment Grade ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were paid a dividend of $0.0938 per share. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. The ex-dividend date was Monday, October 19th. This represents a $1.13 annualized dividend and a dividend yield of 4.5%.
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.
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