Verdence Capital Advisors LLC Makes New $2.45 Million Investment in Invesco Variable Rate Investment Grade ETF $VRIG

Verdence Capital Advisors LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 97,764 shares of the company’s stock, valued at approximately $2,452,000. Verdence Capital Advisors LLC owned approximately 0.19% of Invesco Variable Rate Investment Grade ETF as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Stratos Wealth Partners LTD. raised its position in Invesco Variable Rate Investment Grade ETF by 2.3% in the second quarter. Stratos Wealth Partners LTD. now owns 39,747 shares of the company’s stock worth $996,000 after purchasing an additional 879 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 8.4% in the 2nd quarter. Acorn Financial Advisory Services Inc. ADV now owns 14,217 shares of the company’s stock valued at $356,000 after purchasing an additional 1,099 shares during the period. Inspire Advisors LLC raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 2.3% in the 3rd quarter. Inspire Advisors LLC now owns 50,641 shares of the company’s stock worth $1,271,000 after buying an additional 1,144 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 6.4% during the 2nd quarter. NewEdge Advisors LLC now owns 27,320 shares of the company’s stock worth $684,000 after buying an additional 1,641 shares during the period. Finally, Mendel Money Management boosted its stake in Invesco Variable Rate Investment Grade ETF by 19.6% in the 2nd quarter. Mendel Money Management now owns 15,460 shares of the company’s stock valued at $387,000 after buying an additional 2,535 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of NASDAQ:VRIG opened at $25.15 on Tuesday. The business’s fifty day moving average price is $25.11 and its two-hundred day moving average price is $25.11. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.79 and a fifty-two week high of $25.19.

Invesco Variable Rate Investment Grade ETF Increases Dividend

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

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.