Cwm LLC Lowers Stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Cwm LLC lowered its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 22.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,830 shares of the company’s stock after selling 2,818 shares during the quarter. Cwm LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. LPL Financial LLC raised its position in shares of Invesco Variable Rate Investment Grade ETF by 22.5% during the 2nd quarter. LPL Financial LLC now owns 2,698,211 shares of the company’s stock valued at $67,833,000 after buying an additional 495,070 shares in the last quarter. Fiduciary Planning LLC raised its position in Invesco Variable Rate Investment Grade ETF by 5.2% in the 2nd quarter. Fiduciary Planning LLC now owns 999,318 shares of the company’s stock worth $25,123,000 after purchasing an additional 49,748 shares during the period. Envestnet Asset Management Inc. raised its position in Invesco Variable Rate Investment Grade ETF by 31.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock worth $12,988,000 after purchasing an additional 123,707 shares during the period. Total Clarity Wealth Management Inc. raised its position 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 purchasing an additional 244,202 shares during the period. Finally, Atria Wealth Solutions Inc. raised its position in Invesco Variable Rate Investment Grade ETF by 1.2% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 279,731 shares of the company’s stock worth $7,032,000 after purchasing an additional 3,197 shares during the period.

Invesco Variable Rate Investment Grade ETF Trading Down 0.0 %

Shares of NASDAQ:VRIG opened at $25.06 on Wednesday. The company’s fifty day moving average is $25.12 and its 200 day moving average is $25.14. Invesco Variable Rate Investment Grade ETF has a 52 week low of $24.85 and a 52 week high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, October 21st will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date is Monday, October 21st.

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.