Janney Montgomery Scott LLC Buys 64,240 Shares of Invesco Variable Rate Investment Grade ETF $VRIG

Janney Montgomery Scott LLC raised its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 452.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 78,451 shares of the company’s stock after purchasing an additional 64,240 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $1,964,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Richmond Investment Services LLC grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 2.3% in the 4th quarter. Richmond Investment Services LLC now owns 21,303 shares of the company’s stock valued at $535,000 after buying an additional 471 shares during the period. Blair William & Co. IL raised its stake in Invesco Variable Rate Investment Grade ETF by 5.7% during the 4th quarter. Blair William & Co. IL now owns 8,871 shares of the company’s stock worth $223,000 after buying an additional 476 shares during the period. Global Retirement Partners LLC raised its stake in Invesco Variable Rate Investment Grade ETF by 3.8% during the 4th quarter. Global Retirement Partners LLC now owns 15,452 shares of the company’s stock worth $388,000 after buying an additional 568 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in Invesco Variable Rate Investment Grade ETF by 1.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 31,570 shares of the company’s stock worth $792,000 after acquiring an additional 585 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in Invesco Variable Rate Investment Grade ETF by 2.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 21,722 shares of the company’s stock worth $545,000 after acquiring an additional 619 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.09 on Friday. Invesco Variable Rate Investment Grade ETF has a 52 week low of $25.00 and a 52 week high of $25.18. The stock has a 50 day moving average price of $25.08 and a two-hundred day moving average price of $25.09.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.0919 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Monday, June 22nd.

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.