Commonwealth Equity Services LLC Sells 18,735 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Commonwealth Equity Services LLC cut its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 29.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,504 shares of the company’s stock after selling 18,735 shares during the period. Commonwealth Equity Services LLC owned 0.10% of Invesco Variable Rate Investment Grade ETF worth $1,119,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Aveo Capital Partners LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at about $3,855,000. Envestnet Portfolio Solutions Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter worth $408,000. Assetmark Inc. bought a new position in Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at $47,574,000. Hanlon Investment Management Inc. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at $297,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 47.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,650 shares of the company’s stock valued at $216,000 after acquiring an additional 2,800 shares during the period.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0 %

Shares of VRIG stock opened at $25.17 on Tuesday. Invesco Variable Rate Investment Grade ETF has a 12 month low of $24.85 and a 12 month high of $25.24. The stock has a 50-day moving average price of $25.13 and a 200 day moving average price of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 19th were given a dividend of $0.126 per share. This represents a $1.51 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend was Monday, August 19th.

Invesco Variable Rate Investment Grade ETF Company 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.