Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Shares Purchased by Cottage Street Advisors LLC

Cottage Street Advisors LLC raised its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 20.9% in the 4th quarter, HoldingsChannel reports. The fund owned 40,462 shares of the company’s stock after acquiring an additional 7,006 shares during the period. Cottage Street Advisors LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $1,016,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Golden State Wealth Management LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth about $100,000. Truist Financial Corp purchased a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth approximately $208,000. SageOak Financial LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth approximately $222,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at $241,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth $292,000.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG opened at $25.06 on Wednesday. Invesco Variable Rate Investment Grade ETF has a twelve month low of $25.05 and a twelve month high of $25.24. The stock’s fifty day simple moving average is $25.13 and its 200 day simple moving average is $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a $0.0986 dividend. The ex-dividend date of this dividend is Monday, March 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.