Invesco Variable Rate Investment Grade ETF (VRIG) To Go Ex-Dividend on May 18th

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) announced a monthly dividend on Monday, May 18th, NASDAQ Dividends reports. Shareholders of record on Monday, May 18th will be given a dividend of 0.0937 per share on Friday, May 22nd. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, May 18th. This is a 7.9% increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of NASDAQ:VRIG opened at $25.04 on Wednesday. The company’s fifty day moving average is $25.07 and its two-hundred day moving average is $25.10. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.99 and a 1-year high of $25.18.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in Invesco Variable Rate Investment Grade ETF in the first quarter valued at approximately $1,235,000. JPMorgan Chase & Co. raised its position in shares of Invesco Variable Rate Investment Grade ETF by 64.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 37,912 shares of the company’s stock worth $950,000 after purchasing an additional 14,805 shares during the period. First Trust Advisors LP raised its position in shares of Invesco Variable Rate Investment Grade ETF by 4.8% during the 2nd quarter. First Trust Advisors LP now owns 117,855 shares of the company’s stock worth $2,952,000 after purchasing an additional 5,351 shares during the period. NewEdge Advisors LLC raised its position 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 worth $684,000 after purchasing an additional 1,641 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of Invesco Variable Rate Investment Grade ETF by 26.3% during the 2nd quarter. Raymond James Financial Inc. now owns 385,708 shares of the company’s stock worth $9,662,000 after purchasing an additional 80,277 shares during the period.

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.