KMG Fiduciary Partners LLC Makes New $5.40 Million Investment in Invesco Variable Rate Investment Grade ETF $VRIG

KMG Fiduciary Partners LLC bought a new stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 215,778 shares of the company’s stock, valued at approximately $5,400,000. KMG Fiduciary Partners LLC owned 0.29% of Invesco Variable Rate Investment Grade ETF as of its most recent SEC filing.

Several other large investors have also modified their holdings of VRIG. Bank of New York Mellon Corp grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 79.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock worth $44,611,000 after purchasing an additional 789,612 shares during the period. Avior Wealth Management LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 5,268.3% in the 3rd quarter. Avior Wealth Management LLC now owns 360,804 shares of the company’s stock valued at $9,029,000 after buying an additional 354,083 shares during the period. Auour Investments LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF in the 1st quarter valued at about $7,360,000. Courier Capital LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 77.7% in the 3rd quarter. Courier Capital LLC now owns 477,268 shares of the company’s stock valued at $11,944,000 after buying an additional 208,661 shares during the period. Finally, Fig Financial Advisory Services Inc. ADV purchased a new stake in Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at about $4,883,000.

Invesco Variable Rate Investment Grade ETF Stock Up 0.0%

NASDAQ VRIG opened at $25.07 on Wednesday. The firm’s 50-day moving average is $25.07 and its two-hundred day moving average is $25.07. Invesco Variable Rate Investment Grade ETF has a 12 month low of $25.00 and a 12 month high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a dividend of $0.0912 per share. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Monday, September 21st.

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.