Global Retirement Partners LLC Reduces Stock Holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Global Retirement Partners LLC decreased its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 35.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,262 shares of the company’s stock after selling 9,486 shares during the quarter. Global Retirement Partners LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its position in Invesco Variable Rate Investment Grade ETF by 34.7% during the third quarter. NBC Securities Inc. now owns 5,181 shares of the company’s stock valued at $129,000 after buying an additional 1,335 shares during the period. Advisors Asset Management Inc. lifted its position in Invesco Variable Rate Investment Grade ETF by 168.3% during the first quarter. Advisors Asset Management Inc. now owns 6,461 shares of the company’s stock valued at $162,000 after buying an additional 4,053 shares during the period. Calton & Associates Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF during the first quarter valued at $202,000. Prevail Innovative Wealth Advisors LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the first quarter valued at $215,000. Finally, Inspire Advisors LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF in the 2nd quarter worth about $287,000.

Invesco Variable Rate Investment Grade ETF Stock Down 0.4 %

VRIG opened at $25.07 on Tuesday. The stock has a 50-day moving average price of $25.12 and a 200-day moving average price of $25.14. Invesco Variable Rate Investment Grade ETF has a 1 year low of $24.85 and a 1 year high of $25.24.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.127 dividend. This represents a $1.52 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.13.

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.