Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Shares Bought by LPL Financial LLC

LPL Financial LLC increased its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 28.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,288,316 shares of the company’s stock after acquiring an additional 732,516 shares during the period. LPL Financial LLC owned about 0.07% of Invesco Variable Rate Investment Grade ETF worth $82,586,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Holderness Investments Co. grew its stake in Invesco Variable Rate Investment Grade ETF by 6.2% in the 4th quarter. Holderness Investments Co. now owns 64,420 shares of the company’s stock worth $1,618,000 after acquiring an additional 3,753 shares during the period. TAP Consulting LLC grew its position in shares of Invesco Variable Rate Investment Grade ETF by 1.4% in the fourth quarter. TAP Consulting LLC now owns 44,141 shares of the company’s stock valued at $1,109,000 after purchasing an additional 619 shares during the period. SageOak Financial LLC acquired a new position in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at $222,000. Corient Private Wealth LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 6.8% during the fourth quarter. Corient Private Wealth LLC now owns 118,238 shares of the company’s stock worth $2,970,000 after buying an additional 7,522 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in Invesco Variable Rate Investment Grade ETF by 9.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 162,011 shares of the company’s stock worth $4,069,000 after buying an additional 13,471 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG opened at $25.06 on Wednesday. Invesco Variable Rate Investment Grade ETF has a 12 month low of $25.05 and a 12 month high of $25.24. The business has a 50-day moving average of $25.13 and a two-hundred day moving average of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a $0.0986 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.