PAX Financial Group LLC Purchases 37,722 Shares of Invesco Variable Rate Investment Grade ETF $VRIG

PAX Financial Group LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 210.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,605 shares of the company’s stock after buying an additional 37,722 shares during the period. PAX Financial Group LLC owned 0.09% of Invesco Variable Rate Investment Grade ETF worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in Invesco Variable Rate Investment Grade ETF by 26.5% in the fourth quarter. Invesco Ltd. now owns 13,338,402 shares of the company’s stock valued at $334,794,000 after acquiring an additional 2,790,286 shares during the last quarter. Morgan Stanley grew its position in shares of Invesco Variable Rate Investment Grade ETF by 10.0% in the 4th 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 during the period. Osaic Holdings Inc. increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 5.6% during the 4th quarter. Osaic Holdings Inc. now owns 1,085,090 shares of the company’s stock worth $27,237,000 after purchasing an additional 58,015 shares during the last quarter. Fiduciary Planning LLC increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 1.4% during the 4th quarter. Fiduciary Planning LLC now owns 977,936 shares of the company’s stock worth $24,546,000 after purchasing an additional 13,816 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 5.1% during the 4th quarter. Stifel Financial Corp now owns 842,362 shares of the company’s stock worth $21,143,000 after purchasing an additional 40,954 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG stock opened at $25.08 on Friday. Invesco Variable Rate Investment Grade ETF has a 52-week low of $25.00 and a 52-week high of $25.18. The firm’s 50-day moving average is $25.08 and its 200-day moving average is $25.09.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.0919 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, June 22nd.

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.