131,454 Shares in Invesco Variable Rate Investment Grade ETF $VRIG Purchased by Prairie Advisory LLC

Prairie Advisory LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 131,454 shares of the company’s stock, valued at approximately $3,290,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cottage Street Advisors LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth approximately $1,389,000. IFP Advisors Inc acquired a new position in Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at $6,967,000. Legacy Wealth Partners LLC acquired a new position in Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at $359,000. KMG Fiduciary Partners LLC bought a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth $5,400,000. Finally, Courier Capital LLC increased its position in Invesco Variable Rate Investment Grade ETF by 77.7% during the 3rd quarter. Courier Capital LLC now owns 477,268 shares of the company’s stock worth $11,944,000 after buying an additional 208,661 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Down 0.4%

Shares of VRIG traded down $0.10 during midday trading on Monday, reaching $24.98. 236,915 shares of the stock were exchanged, compared to its average volume of 529,776. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.98 and a twelve month high of $25.18. The stock’s 50 day simple moving average is $25.07 and its 200 day simple moving average is $25.07.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 23rd. Investors of record on Monday, October 19th will be given a dividend of $0.0938 per share. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. This represents a $1.13 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, October 19th.

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.