Invesco Variable Rate Investment Grade ETF $VRIG Shares Purchased by Cherry Creek Investment Advisors Inc.

Cherry Creek Investment Advisors Inc. lifted its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 675,832 shares of the company’s stock after buying an additional 21,649 shares during the period. Invesco Variable Rate Investment Grade ETF comprises 7.3% of Cherry Creek Investment Advisors Inc.’s holdings, making the stock its largest position. Cherry Creek Investment Advisors Inc. owned 1.32% of Invesco Variable Rate Investment Grade ETF worth $16,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Private Trust Co. NA boosted its stake in Invesco Variable Rate Investment Grade ETF by 155.5% in the 3rd quarter. Private Trust Co. NA now owns 6,285 shares of the company’s stock worth $158,000 after purchasing an additional 3,825 shares during the period. Traub Capital Management LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the 2nd quarter worth approximately $197,000. Empirical Asset Management LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 2nd quarter worth approximately $201,000. PAX Financial Group LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth approximately $212,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 2nd quarter valued at approximately $217,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of VRIG opened at $25.14 on Wednesday. The company’s fifty day simple moving average is $25.11 and its 200 day simple moving average is $25.10. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.79 and a 1-year high of $25.19.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a $0.0998 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.10.

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.