Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) to Issue $0.09 Monthly Dividend

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) announced a monthly dividend on Monday, April 20th, NASDAQ Dividends reports. Stockholders of record on Monday, April 20th will be paid a dividend of 0.0868 per share on Friday, April 24th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, April 20th.

Invesco Variable Rate Investment Grade ETF Stock Down 0.4%

Shares of VRIG opened at $25.01 on Tuesday. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.90 and a twelve month high of $25.18. The stock’s fifty day simple moving average is $25.10 and its 200 day simple moving average is $25.10.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

A number of large investors have recently modified their holdings of VRIG. PNC Financial Services Group Inc. acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter worth about $35,000. CoreCap Advisors LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 64.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock worth $46,000 after acquiring an additional 718 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in Invesco Variable Rate Investment Grade ETF by 161.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 6,101 shares of the company’s stock worth $153,000 after acquiring an additional 3,770 shares during the period. Private Trust Co. NA grew its position in Invesco Variable Rate Investment Grade ETF by 155.5% in the third quarter. Private Trust Co. NA now owns 6,285 shares of the company’s stock valued at $158,000 after acquiring an additional 3,825 shares in the last quarter. Finally, Kraematon Investment Advisors Inc. acquired a new stake in Invesco Variable Rate Investment Grade ETF in the third quarter valued at approximately $209,000.

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.