Parsons Capital Management Inc. RI Acquires 82,168 Shares of Invesco Variable Rate Investment Grade ETF $VRIG

Parsons Capital Management Inc. RI grew its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 26.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 396,518 shares of the company’s stock after purchasing an additional 82,168 shares during the period. Parsons Capital Management Inc. RI owned about 0.73% of Invesco Variable Rate Investment Grade ETF worth $9,953,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mayflower Financial Advisors LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at approximately $1,481,000. Signal Advisors Wealth LLC grew its position in Invesco Variable Rate Investment Grade ETF by 38.6% during the fourth quarter. Signal Advisors Wealth LLC now owns 59,231 shares of the company’s stock worth $1,487,000 after buying an additional 16,496 shares in the last quarter. Thayer Financial L.L.C. acquired a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth approximately $3,459,000. IFP Advisors Inc increased its stake in Invesco Variable Rate Investment Grade ETF by 80.0% during the 3rd quarter. IFP Advisors Inc now owns 96,846 shares of the company’s stock worth $2,431,000 after acquiring an additional 43,032 shares during the period. Finally, WBI Investments LLC increased its stake in Invesco Variable Rate Investment Grade ETF by 14.5% during the 3rd quarter. WBI Investments LLC now owns 14,023 shares of the company’s stock worth $352,000 after acquiring an additional 1,777 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Down 0.0%

Shares of NASDAQ VRIG opened at $25.02 on Friday. The business has a fifty day moving average price of $25.12 and a two-hundred day moving average price of $25.11. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.79 and a fifty-two week high of $25.18.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.0931 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, March 23rd.

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.