Wealthcare Advisory Partners LLC Boosts Position in Invesco Variable Rate Investment Grade ETF $VRIG

Wealthcare Advisory Partners LLC lifted its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 2,463.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 480,464 shares of the company’s stock after buying an additional 461,722 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $12,060,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Stratos Wealth Partners LTD. increased its holdings in Invesco Variable Rate Investment Grade ETF by 2.3% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 39,747 shares of the company’s stock valued at $996,000 after purchasing an additional 879 shares in the last quarter. Inspire Advisors LLC grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 2.3% in the third quarter. Inspire Advisors LLC now owns 50,641 shares of the company’s stock valued at $1,271,000 after buying an additional 1,144 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 6.4% during the 2nd quarter. NewEdge Advisors LLC now owns 27,320 shares of the company’s stock valued at $684,000 after buying an additional 1,641 shares during the period. Howard Wealth Management LLC boosted its holdings in Invesco Variable Rate Investment Grade ETF by 17.0% in the 3rd quarter. Howard Wealth Management LLC now owns 12,605 shares of the company’s stock worth $316,000 after acquiring an additional 1,829 shares during the period. Finally, Mendel Money Management grew its position in Invesco Variable Rate Investment Grade ETF by 19.6% in the second quarter. Mendel Money Management now owns 15,460 shares of the company’s stock valued at $387,000 after acquiring an additional 2,535 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

NASDAQ VRIG opened at $25.16 on Tuesday. The company’s fifty day simple moving average is $25.12 and its 200-day simple moving average is $25.11. Invesco Variable Rate Investment Grade ETF has a 52 week low of $24.79 and a 52 week high of $25.19.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a $0.0998 dividend. This represents a c) annualized dividend and a dividend yield of 4.8%. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.10. The ex-dividend date was Tuesday, January 20th.

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.