Invesco Variable Rate Investment Grade ETF $VRIG Shares Sold by LPL Financial LLC

LPL Financial LLC lessened its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 2.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,648,490 shares of the company’s stock after selling 128,361 shares during the period. LPL Financial LLC owned 0.10% of Invesco Variable Rate Investment Grade ETF worth $141,777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Milestone Investment Advisors LLC grew its stake in Invesco Variable Rate Investment Grade ETF by 0.8% during the 4th quarter. Milestone Investment Advisors LLC now owns 143,571 shares of the company’s stock worth $3,604,000 after buying an additional 1,092 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in Invesco Variable Rate Investment Grade ETF by 17.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 43,578 shares of the company’s stock worth $1,077,000 after buying an additional 6,536 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter worth approximately $242,000. Harfst & Associates Inc. grew its stake in Invesco Variable Rate Investment Grade ETF by 140.2% during the 4th quarter. Harfst & Associates Inc. now owns 344,096 shares of the company’s stock worth $8,637,000 after buying an additional 200,845 shares during the last quarter. Finally, Calton & Associates Inc. grew its stake in Invesco Variable Rate Investment Grade ETF by 3.6% during the 4th quarter. Calton & Associates Inc. now owns 474,144 shares of the company’s stock worth $11,901,000 after buying an additional 16,347 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ:VRIG opened at $25.09 on Thursday. The stock’s 50 day moving average price is $25.07 and its 200 day moving average price is $25.09. Invesco Variable Rate Investment Grade ETF has a 52-week low of $25.00 and a 52-week high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

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

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.