Wilian Securities LLC Takes Position in Invesco Variable Rate Investment Grade ETF $VRIG

Wilian Securities LLC bought a new stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 57,964 shares of the company’s stock, valued at approximately $1,455,000. Invesco Variable Rate Investment Grade ETF comprises 1.6% of Wilian Securities LLC’s holdings, making the stock its 16th largest holding. Wilian Securities LLC owned 0.11% of Invesco Variable Rate Investment Grade ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Wealthcare Advisory Partners LLC increased its position in Invesco Variable Rate Investment Grade ETF by 2,463.6% during the third quarter. Wealthcare Advisory Partners LLC now owns 480,464 shares of the company’s stock worth $12,060,000 after purchasing an additional 461,722 shares during the last quarter. Thayer Financial L.L.C. acquired a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth about $3,459,000. Regal Investment Advisors LLC increased its position in Invesco Variable Rate Investment Grade ETF by 116.4% during the third quarter. Regal Investment Advisors LLC now owns 244,429 shares of the company’s stock worth $6,135,000 after purchasing an additional 131,494 shares during the last quarter. Raymond James Financial Inc. increased its position in Invesco Variable Rate Investment Grade ETF by 31.4% during the third quarter. Raymond James Financial Inc. now owns 506,641 shares of the company’s stock worth $12,717,000 after purchasing an additional 120,933 shares during the last quarter. Finally, Laffer Tengler Investments Inc. increased its position in Invesco Variable Rate Investment Grade ETF by 118.3% during the third quarter. Laffer Tengler Investments Inc. now owns 189,370 shares of the company’s stock worth $4,753,000 after purchasing an additional 102,628 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

Invesco Variable Rate Investment Grade ETF stock opened at $25.03 on Friday. Invesco Variable Rate Investment Grade ETF has a 12-month low of $25.00 and a 12-month high of $25.18. The company has a 50-day moving average price of $25.07 and a 200 day moving average price of $25.10.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 18th will be given a dividend of $0.0937 per share. The ex-dividend date is Monday, May 18th. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a yield of 4.5%.

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.