Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Plans Monthly Dividend of $0.09

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) announced a monthly dividend on Monday, April 20th, NASDAQ Dividends reports. Stockholders of record on Monday, April 20th will be given a dividend of 0.0868 per share on Friday, April 24th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, April 20th.

Invesco Variable Rate Investment Grade ETF Stock Down 0.4%

VRIG stock traded down $0.09 on Monday, hitting $25.01. 1,574,322 shares of the company’s stock were exchanged, compared to its average volume of 470,208. Invesco Variable Rate Investment Grade ETF has a 12-month low of $24.90 and a 12-month high of $25.18. The firm has a 50 day moving average price of $25.10 and a two-hundred day moving average price of $25.11.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at about $35,000. CoreCap Advisors LLC boosted its stake in Invesco Variable Rate Investment Grade ETF by 64.9% in the 4th quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock worth $46,000 after purchasing an additional 718 shares in the last quarter. Aptus Capital Advisors LLC grew its position in Invesco Variable Rate Investment Grade ETF by 161.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 6,101 shares of the company’s stock worth $153,000 after purchasing an additional 3,770 shares during the last quarter. Private Trust Co. NA grew its position in Invesco Variable Rate Investment Grade ETF by 155.5% during 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 last quarter. Finally, Kraematon Investment Advisors Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at approximately $209,000.

About Invesco Variable Rate Investment Grade ETF

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.