Total Clarity Wealth Management Inc. Sells 89,890 Shares of Invesco Variable Rate Investment Grade ETF $VRIG

Total Clarity Wealth Management Inc. reduced its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 30.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,930 shares of the company’s stock after selling 89,890 shares during the quarter. Invesco Variable Rate Investment Grade ETF makes up about 1.4% of Total Clarity Wealth Management Inc.’s investment portfolio, making the stock its 16th largest holding. Total Clarity Wealth Management Inc.’s holdings in Invesco Variable Rate Investment Grade ETF were worth $5,169,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Osaic Holdings Inc. raised its position in shares of Invesco Variable Rate Investment Grade ETF by 59.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,625,306 shares of the company’s stock valued at $40,733,000 after purchasing an additional 608,429 shares during the period. Bank of New York Mellon Corp increased its stake in Invesco Variable Rate Investment Grade ETF by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 979,802 shares of the company’s stock worth $24,544,000 after buying an additional 21,924 shares in the last quarter. Equitable Holdings Inc. raised its holdings in Invesco Variable Rate Investment Grade ETF by 1.0% during the second quarter. Equitable Holdings Inc. now owns 685,767 shares of the company’s stock valued at $17,178,000 after acquiring an additional 6,545 shares during the period. Cherry Creek Investment Advisors Inc. raised its holdings in Invesco Variable Rate Investment Grade ETF by 3.3% during the third quarter. Cherry Creek Investment Advisors Inc. now owns 675,832 shares of the company’s stock valued at $16,963,000 after acquiring an additional 21,649 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 1.2% in the second quarter. Cetera Investment Advisers now owns 576,615 shares of the company’s stock valued at $14,444,000 after acquiring an additional 6,938 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Up 0.0%

NASDAQ VRIG opened at $25.09 on Thursday. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.79 and a twelve month high of $25.18. The business has a 50-day moving average price of $25.12 and a 200-day moving average price of $25.11.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 23rd will be issued a dividend of $0.0968 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, February 23rd.

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.