9823 Capital L.P. Takes Position in Invesco Variable Rate Investment Grade ETF $VRIG

9823 Capital L.P. purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 56,010 shares of the company’s stock, valued at approximately $1,406,000. Invesco Variable Rate Investment Grade ETF comprises approximately 1.0% of 9823 Capital L.P.’s portfolio, making the stock its 11th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Morgan Stanley increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 10.0% during the fourth quarter. Morgan Stanley now owns 2,246,537 shares of the company’s stock valued at $56,388,000 after acquiring an additional 205,031 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of 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 valued at $27,237,000 after purchasing an additional 58,015 shares in the last quarter. Fiduciary Planning LLC boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 1.4% during 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 last quarter. Stifel Financial Corp boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 5.1% during the fourth quarter. Stifel Financial Corp now owns 842,362 shares of the company’s stock valued at $21,143,000 after buying an additional 40,954 shares during the last quarter. Finally, Cherry Creek Investment Advisors Inc. boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 3.1% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 696,853 shares of the company’s stock valued at $17,491,000 after buying an additional 21,021 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of NASDAQ:VRIG opened at $25.13 on Thursday. The business has a 50-day simple moving average of $25.07 and a two-hundred day simple moving average of $25.10. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $25.00 and a fifty-two week high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

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

Invesco Variable Rate Investment Grade ETF Company 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.