Laffer Tengler Investments Inc. Buys 102,628 Shares of Invesco Variable Rate Investment Grade ETF $VRIG

Laffer Tengler Investments Inc. lifted its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 118.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,370 shares of the company’s stock after buying an additional 102,628 shares during the quarter. Laffer Tengler Investments Inc. owned about 0.37% of Invesco Variable Rate Investment Grade ETF worth $4,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of VRIG. Private Trust Co. NA boosted its position in Invesco Variable Rate Investment Grade ETF by 155.5% during the 3rd quarter. Private Trust Co. NA now owns 6,285 shares of the company’s stock valued at $158,000 after acquiring an additional 3,825 shares in the last quarter. Traub Capital Management LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF in the 2nd quarter valued at approximately $197,000. Kraematon Investment Advisors Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the third quarter valued at approximately $209,000. PAX Financial Group LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the third quarter valued at approximately $212,000. Finally, Kingsview Wealth Management LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF in the second quarter worth $217,000.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.10 on Wednesday. The business has a fifty day simple moving average of $25.12 and a two-hundred day simple moving average of $25.11. Invesco Variable Rate Investment Grade ETF has a 12 month low of $24.79 and a 12 month high of $25.18.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were given a dividend of $0.0968 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, February 23rd.

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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.