NBC Securities Inc. Buys 1,335 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

NBC Securities Inc. grew its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 34.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,181 shares of the company’s stock after acquiring an additional 1,335 shares during the quarter. NBC Securities Inc.’s holdings in Invesco Variable Rate Investment Grade ETF were worth $129,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. LPL Financial LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 22.5% in the second quarter. LPL Financial LLC now owns 2,698,211 shares of the company’s stock worth $67,833,000 after buying an additional 495,070 shares during the last quarter. Total Clarity Wealth Management Inc. raised its holdings in Invesco Variable Rate Investment Grade ETF by 102.2% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 483,064 shares of the company’s stock worth $12,144,000 after acquiring an additional 244,202 shares during the last quarter. Cetera Investment Advisers lifted its position in Invesco Variable Rate Investment Grade ETF by 220.0% in the 1st quarter. Cetera Investment Advisers now owns 232,168 shares of the company’s stock valued at $5,825,000 after acquiring an additional 159,607 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Invesco Variable Rate Investment Grade ETF by 31.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock valued at $12,988,000 after purchasing an additional 123,707 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 1st quarter worth $2,682,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG stock opened at $25.18 on Friday. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.85 and a 1-year high of $25.24. The business has a fifty day moving average price of $25.12 and a 200-day moving average price of $25.14.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.127 dividend. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.13. The ex-dividend date was Monday, September 23rd. This represents a $1.52 dividend on an annualized basis and a yield of 6.05%.

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.