98,095 Shares in Invesco Variable Rate Investment Grade ETF $VRIG Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC purchased a new position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 98,095 shares of the company’s stock, valued at approximately $2,455,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 79.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock worth $44,611,000 after acquiring an additional 789,612 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Invesco Variable Rate Investment Grade ETF by 5,268.3% during the 3rd quarter. Avior Wealth Management LLC now owns 360,804 shares of the company’s stock valued at $9,029,000 after acquiring an additional 354,083 shares during the period. IFP Advisors Inc purchased a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at $6,967,000. Beaumont Financial Advisors LLC bought a new position in Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at $6,385,000. Finally, KMG Fiduciary Partners LLC bought a new position in Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at $5,400,000.

Invesco Variable Rate Investment Grade ETF Stock Down 0.0%

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $24.99 on Monday. The stock’s fifty day moving average is $25.06 and its two-hundred day moving average is $25.07. Invesco Variable Rate Investment Grade ETF has a 52 week low of $24.98 and a 52 week high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The business 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 an increase 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.