Invesco Variable Rate Investment Grade ETF $VRIG is Harfst & Associates Inc.’s 10th Largest Position

Harfst & Associates Inc. raised its stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 140.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 344,096 shares of the company’s stock after buying an additional 200,845 shares during the period. Invesco Variable Rate Investment Grade ETF makes up approximately 1.6% of Harfst & Associates Inc.’s holdings, making the stock its 10th largest holding. Harfst & Associates Inc. owned about 0.64% of Invesco Variable Rate Investment Grade ETF worth $8,637,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in VRIG. PNC Financial Services Group Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at about $35,000. CoreCap Advisors LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 64.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock valued at $46,000 after buying an additional 718 shares in the last quarter. Aptus Capital Advisors LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 161.7% in the third quarter. Aptus Capital Advisors LLC now owns 6,101 shares of the company’s stock valued at $153,000 after buying an additional 3,770 shares in the last quarter. Kraematon Investment Advisors Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF in the third quarter valued at about $209,000. Finally, Empirical Asset Management LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 18.8% in the third quarter. Empirical Asset Management LLC now owns 9,524 shares of the company’s stock valued at $239,000 after buying an additional 1,507 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Up 0.0%

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.08 on Wednesday. Invesco Variable Rate Investment Grade ETF has a 12-month low of $25.00 and a 12-month high of $25.18. The company has a 50-day moving average of $25.06 and a two-hundred day moving average of $25.10.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were issued a $0.0937 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Monday, May 18th.

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.