KMG Fiduciary Partners LLC Has $5.81 Million Stock Holdings in Invesco Variable Rate Investment Grade ETF $VRIG

KMG Fiduciary Partners LLC grew its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 32.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 231,516 shares of the company’s stock after purchasing an additional 57,137 shares during the period. KMG Fiduciary Partners LLC owned about 0.42% of Invesco Variable Rate Investment Grade ETF worth $5,811,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Commonwealth Equity Services LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 34.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 348,301 shares of the company’s stock worth $8,742,000 after buying an additional 89,330 shares during the period. Blue Capital Inc. acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the second quarter worth about $2,938,000. Truist Financial Corp boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 135.2% in the third quarter. Truist Financial Corp now owns 138,266 shares of the company’s stock worth $3,470,000 after buying an additional 79,490 shares during the period. Rockefeller Capital Management L.P. purchased a new position in shares of Invesco Variable Rate Investment Grade ETF in the second quarter worth approximately $465,000. Finally, Verdence Capital Advisors LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF in the third quarter worth approximately $2,452,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG stock opened at $25.02 on Friday. Invesco Variable Rate Investment Grade ETF has a 52-week low of $24.79 and a 52-week high of $25.18. The company’s 50 day simple moving average is $25.11 and its 200-day simple moving average is $25.11.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

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