Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Raises Dividend to $0.11 Per Share

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) declared a monthly dividend on Monday, August 18th, NASDAQ Dividends reports. Investors of record on Monday, August 18th will be paid a dividend of 0.1067 per share on Friday, August 22nd. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Monday, August 18th. This is a 0.6% increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.11.

Invesco Variable Rate Investment Grade ETF Trading Up 0.1%

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.06 on Wednesday. Invesco Variable Rate Investment Grade ETF has a one year low of $24.79 and a one year high of $25.21. The business’s 50 day moving average price is $25.09 and its 200 day moving average price is $25.07.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. acquired a new stake in Invesco Variable Rate Investment Grade ETF during the first quarter worth $26,000. WASHINGTON TRUST Co acquired a new stake in Invesco Variable Rate Investment Grade ETF during the first quarter worth $50,000. Allworth Financial LP acquired a new stake in Invesco Variable Rate Investment Grade ETF during the first quarter worth $50,000. JPMorgan Chase & Co. increased its stake in Invesco Variable Rate Investment Grade ETF by 485.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,451 shares of the company’s stock worth $87,000 after acquiring an additional 2,862 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth $87,000.

Invesco Variable Rate Investment Grade ETF Company 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.