Invesco Variable Rate Investment Grade ETF $VRIG Stake Raised by Truist Financial Corp

Truist Financial Corp increased its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 135.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,266 shares of the company’s stock after buying an additional 79,490 shares during the quarter. Truist Financial Corp’s holdings in Invesco Variable Rate Investment Grade ETF were worth $3,470,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 34.5% during the third quarter. Commonwealth Equity Services LLC now owns 348,301 shares of the company’s stock valued at $8,742,000 after purchasing an additional 89,330 shares in the last quarter. Blue Capital Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF during the 2nd quarter valued at about $2,938,000. CreativeOne Wealth LLC raised its position in shares of Invesco Variable Rate Investment Grade ETF by 143.8% during the 2nd quarter. CreativeOne Wealth LLC now owns 67,246 shares of the company’s stock worth $1,685,000 after buying an additional 39,666 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 2nd quarter worth approximately $465,000. Finally, Vectors Research Management LLC lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 25.7% in the 2nd quarter. Vectors Research Management LLC now owns 317,682 shares of the company’s stock worth $7,958,000 after acquiring an additional 65,023 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Performance

Invesco Variable Rate Investment Grade ETF stock opened at $25.14 on Friday. Invesco Variable Rate Investment Grade ETF has a 12-month low of $24.79 and a 12-month high of $25.19. The firm has a 50 day simple moving average of $25.11 and a 200-day simple moving average of $25.11.

Invesco Variable Rate Investment Grade ETF Increases Dividend

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

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.