Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Stock Position Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 393,752 shares of the company’s stock after acquiring an additional 65,230 shares during the quarter. Bank of New York Mellon Corp owned 0.80% of Invesco Variable Rate Investment Grade ETF worth $9,889,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at $100,000. Concorde Asset Management LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the third quarter valued at $202,000. Truist Financial Corp purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at $208,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at $241,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at $292,000.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0 %

Shares of NASDAQ:VRIG opened at $25.14 on Friday. Invesco Variable Rate Investment Grade ETF has a 1 year low of $25.03 and a 1 year high of $25.24. The business has a fifty day simple moving average of $25.13 and a 200 day simple moving average of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were given a $0.1041 dividend. The ex-dividend date of this dividend was Monday, February 24th.

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.