310,250 Shares of Invesco Variable Rate Investment Grade ETF $VRIG Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 310,250 shares of the company’s stock, valued at approximately $7,716,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in Invesco Variable Rate Investment Grade ETF by 79.6% during the first quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock valued at $44,611,000 after purchasing an additional 789,612 shares during the last quarter. Harfst & Associates Inc. boosted its holdings 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 worth $25,139,000 after purchasing an additional 101,796 shares during the period. Cetera Investment Advisers increased its position in shares of Invesco Variable Rate Investment Grade ETF by 24.9% during the 1st quarter. Cetera Investment Advisers now owns 543,151 shares of the company’s stock valued at $13,598,000 after purchasing an additional 108,220 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in Invesco Variable Rate Investment Grade ETF by 5.1% during the second quarter. Wealthcare Advisory Partners LLC now owns 536,030 shares of the company’s stock valued at $13,438,000 after acquiring an additional 26,109 shares during the last quarter. Finally, Courier Capital LLC lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 77.7% in the 3rd quarter. Courier Capital LLC now owns 477,268 shares of the company’s stock worth $11,944,000 after acquiring an additional 208,661 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

VRIG stock opened at $25.07 on Wednesday. Invesco Variable Rate Investment Grade ETF has a 12 month low of $24.98 and a 12 month high of $25.18. The company has a 50-day moving average price of $25.04 and a 200 day moving average price of $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 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 of this dividend was Monday, October 19th.

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.