Lunt Capital Management Inc. Makes New $2.76 Million Investment in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Lunt Capital Management Inc. bought a new position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 110,592 shares of the company’s stock, valued at approximately $2,764,000. Invesco Variable Rate Investment Grade ETF comprises 1.4% of Lunt Capital Management Inc.’s holdings, making the stock its 15th largest holding.

Several other institutional investors have also modified their holdings of VRIG. Fortis Capital Advisors LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at about $27,000. UBS Group AG bought a new stake in Invesco Variable Rate Investment Grade ETF in the 2nd quarter valued at approximately $28,000. Belpointe Asset Management LLC lifted its stake in Invesco Variable Rate Investment Grade ETF by 42.6% in the 1st quarter. Belpointe Asset Management LLC now owns 1,561 shares of the company’s stock valued at $39,000 after acquiring an additional 466 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco Variable Rate Investment Grade ETF by 96.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,453 shares of the company’s stock valued at $61,000 after acquiring an additional 1,203 shares in the last quarter. Finally, Retirement Group LLC lifted its stake in Invesco Variable Rate Investment Grade ETF by 109.1% in the 4th quarter. Retirement Group LLC now owns 2,714 shares of the company’s stock valued at $67,000 after acquiring an additional 1,416 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0 %

NASDAQ VRIG traded up $0.01 during trading on Tuesday, hitting $25.19. The stock had a trading volume of 149,638 shares, compared to its average volume of 316,585. Invesco Variable Rate Investment Grade ETF has a 12 month low of $24.76 and a 12 month high of $25.19. The company’s 50-day moving average price is $25.11 and its two-hundred day moving average price is $25.03.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were given a dividend of $0.1304 per share. This represents a $1.57 annualized dividend and a dividend yield of 6.21%. The ex-dividend date was Monday, March 18th.

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.