162,902 Shares in Invesco Variable Rate Investment Grade ETF $VRIG Purchased by Worth Asset Management LLC

Worth Asset Management LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 162,902 shares of the company’s stock, valued at approximately $4,077,000. Invesco Variable Rate Investment Grade ETF makes up about 1.2% of Worth Asset Management LLC’s investment portfolio, making the stock its 18th biggest position. Worth Asset Management LLC owned about 0.22% of Invesco Variable Rate Investment Grade ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% during the first quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock valued at $35,000 after buying an additional 1,411 shares during the last quarter. Evolution Wealth Management Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF during the 1st quarter valued at about $49,000. Harbor Asset Planning Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF during the 1st quarter worth approximately $80,000. NorthLanding Financial Partners LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the second quarter worth approximately $131,000. Finally, Matrix Private Capital Group LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF in the first quarter valued at approximately $145,000.

Invesco Variable Rate Investment Grade ETF Stock Up 0.0%

Shares of VRIG traded up $0.01 during trading hours on Wednesday, reaching $25.05. 462,303 shares of the stock traded hands, compared to its average volume of 520,988. The stock has a fifty day simple moving average of $25.07 and a 200 day simple moving average of $25.07. Invesco Variable Rate Investment Grade ETF has a 52 week low of $25.00 and a 52 week high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a dividend of $0.0912 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.4%. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912.

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.