Worth Asset Management LLC Grows Stock Holdings in Invesco Variable Rate Investment Grade ETF $VRIG

Worth Asset Management LLC increased its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 60.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 91,357 shares of the company’s stock after buying an additional 34,508 shares during the period. Invesco Variable Rate Investment Grade ETF comprises approximately 0.9% of Worth Asset Management LLC’s holdings, making the stock its 24th largest position. Worth Asset Management LLC owned 0.15% of Invesco Variable Rate Investment Grade ETF worth $2,287,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Invesco Ltd. lifted its position in shares of 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 in the last quarter. Morgan Stanley raised its stake in Invesco Variable Rate Investment Grade ETF by 10.0% during the 4th quarter. Morgan Stanley now owns 2,246,537 shares of the company’s stock valued at $56,388,000 after purchasing an additional 205,031 shares during the period. Harfst & Associates Inc. raised its stake in Invesco Variable Rate Investment Grade ETF by 140.2% during the 4th quarter. Harfst & Associates Inc. now owns 344,096 shares of the company’s stock valued at $8,637,000 after purchasing an additional 200,845 shares during the period. E6 Portfolios LLC purchased a new position in Invesco Variable Rate Investment Grade ETF in the 4th quarter worth approximately $4,513,000. Finally, Corient Private Wealth LLC purchased a new position in Invesco Variable Rate Investment Grade ETF in the 4th quarter worth approximately $3,560,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG stock opened at $25.05 on Tuesday. Invesco Variable Rate Investment Grade ETF has a 1-year low of $25.00 and a 1-year high of $25.18. 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 Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 22nd will be issued a $0.0919 dividend. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, June 22nd.

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.