Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Plans Dividend Increase – $0.09 Per Share

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) declared a monthly dividend on Monday, May 18th, NASDAQ Dividends reports. Investors of record on Monday, May 18th will be given a dividend of 0.0937 per share on Friday, May 22nd. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, May 18th. This is a 7.9% increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09.

Invesco Variable Rate Investment Grade ETF Price Performance

VRIG stock traded down $0.10 during trading on Monday, reaching $25.03. 742,973 shares of the company were exchanged, compared to its average volume of 446,454. The company has a 50-day moving average of $25.07 and a two-hundred day moving average of $25.10. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.98 and a twelve month high of $25.18.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. grew its position in shares of Invesco Variable Rate Investment Grade ETF by 26.5% in the 4th quarter. Invesco Ltd. now owns 13,338,402 shares of the company’s stock valued at $334,794,000 after buying an additional 2,790,286 shares during the last quarter. Morgan Stanley lifted its holdings in shares of 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 in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 79.6% during the first quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock valued at $44,611,000 after purchasing an additional 789,612 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 5.6% during the fourth quarter. Osaic Holdings Inc. now owns 1,085,090 shares of the company’s stock worth $27,237,000 after acquiring an additional 58,015 shares during the period. Finally, Fiduciary Planning LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 1.4% in the fourth quarter. Fiduciary Planning LLC now owns 977,936 shares of the company’s stock valued at $24,546,000 after buying an additional 13,816 shares during the period.

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.