E6 Portfolios LLC Acquires Shares of 179,797 Invesco Variable Rate Investment Grade ETF $VRIG

E6 Portfolios LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 179,797 shares of the company’s stock, valued at approximately $4,513,000. Invesco Variable Rate Investment Grade ETF comprises approximately 5.2% of E6 Portfolios LLC’s investment portfolio, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VRIG. Wealthcare Advisory Partners LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 2,463.6% in the third quarter. Wealthcare Advisory Partners LLC now owns 480,464 shares of the company’s stock valued at $12,060,000 after purchasing an additional 461,722 shares during the last quarter. Morgan Stanley lifted its position in Invesco Variable Rate Investment Grade ETF by 10.0% in the fourth quarter. Morgan Stanley now owns 2,246,537 shares of the company’s stock valued at $56,388,000 after purchasing an additional 205,031 shares during the last quarter. Harfst & Associates Inc. lifted its position in Invesco Variable Rate Investment Grade ETF by 140.2% in the fourth quarter. Harfst & Associates Inc. now owns 344,096 shares of the company’s stock valued at $8,637,000 after purchasing an additional 200,845 shares during the last quarter. Thayer Financial L.L.C. bought a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at approximately $3,459,000. Finally, Regal Investment Advisors LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 116.4% in the third quarter. Regal Investment Advisors LLC now owns 244,429 shares of the company’s stock valued at $6,135,000 after purchasing an additional 131,494 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0%

Shares of VRIG stock opened at $25.10 on Friday. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $25.00 and a fifty-two week high of $25.18. The stock has a 50 day moving average price of $25.07 and a two-hundred day moving average price of $25.09.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.0937 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Monday, May 18th.

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