Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sets New 52-Week Low – Here’s What Happened

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) reached a new 52-week low on Monday. The stock traded as low as $24.98 and last traded at $24.9850, with a volume of 39,643 shares changing hands. The stock had previously closed at $25.08.

Invesco Variable Rate Investment Grade ETF Stock Performance

The firm has a 50-day moving average price of $25.06 and a two-hundred day moving average price of $25.07.

Invesco Variable Rate Investment Grade ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of institutional investors have recently added to or reduced their stakes in VRIG. Centurion Wealth Management LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 0.6% during the second quarter. Centurion Wealth Management LLC now owns 86,304 shares of the company’s stock valued at $2,164,000 after purchasing an additional 522 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Invesco Variable Rate Investment Grade ETF by 2.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 21,722 shares of the company’s stock valued at $545,000 after purchasing an additional 619 shares during the last quarter. Wagner Wealth Management LLC grew its position in Invesco Variable Rate Investment Grade ETF by 0.4% during the 1st quarter. Wagner Wealth Management LLC now owns 186,384 shares of the company’s stock worth $4,666,000 after purchasing an additional 814 shares during the period. Community Bank & Trust Waco Texas grew its position in Invesco Variable Rate Investment Grade ETF by 8.8% during the 1st quarter. Community Bank & Trust Waco Texas now owns 14,965 shares of the company’s stock worth $375,000 after purchasing an additional 1,215 shares during the period. Finally, Royal Bank of Canada grew its position in Invesco Variable Rate Investment Grade ETF by 1.5% during the 1st quarter. Royal Bank of Canada now owns 88,278 shares of the company’s stock worth $2,210,000 after purchasing an additional 1,344 shares during the period.

Invesco Variable Rate Investment Grade ETF Company 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.