59,015 Shares in Invesco Variable Rate Investment Grade ETF $VRIG Acquired by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 59,015 shares of the company’s stock, valued at approximately $1,481,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aptus Capital Advisors LLC boosted its stake in Invesco Variable Rate Investment Grade ETF by 161.7% in the third 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 in the last quarter. Private Trust Co. NA increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 155.5% in the third quarter. Private Trust Co. NA now owns 6,285 shares of the company’s stock valued at $158,000 after buying an additional 3,825 shares in the last quarter. Kraematon Investment Advisors Inc. bought a new position in shares of Invesco Variable Rate Investment Grade ETF in the third quarter valued at about $209,000. PAX Financial Group LLC acquired a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth about $212,000. Finally, Empirical Asset Management LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 18.8% during the 3rd quarter. Empirical Asset Management LLC now owns 9,524 shares of the company’s stock worth $239,000 after buying an additional 1,507 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of NASDAQ:VRIG opened at $25.02 on Friday. Invesco Variable Rate Investment Grade ETF has a 12 month low of $24.79 and a 12 month high of $25.18. The company’s 50-day moving average price is $25.12 and its two-hundred day moving average price is $25.11.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

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