Total Clarity Wealth Management Inc. Trims Stock Position in Invesco Variable Rate Investment Grade ETF $VRIG

Total Clarity Wealth Management Inc. cut its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,028 shares of the company’s stock after selling 22,902 shares during the period. Invesco Variable Rate Investment Grade ETF makes up 1.1% of Total Clarity Wealth Management Inc.’s holdings, making the stock its 22nd biggest holding. Total Clarity Wealth Management Inc.’s holdings in Invesco Variable Rate Investment Grade ETF were worth $4,594,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VRIG. Jane Street Group LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the first quarter valued at about $1,235,000. JPMorgan Chase & Co. increased its position in shares of Invesco Variable Rate Investment Grade ETF by 64.1% during the second quarter. JPMorgan Chase & Co. now owns 37,912 shares of the company’s stock valued at $950,000 after acquiring an additional 14,805 shares during the last quarter. First Trust Advisors LP increased its position in shares of Invesco Variable Rate Investment Grade ETF by 4.8% during the second quarter. First Trust Advisors LP now owns 117,855 shares of the company’s stock valued at $2,952,000 after acquiring an additional 5,351 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 6.4% during the second quarter. NewEdge Advisors LLC now owns 27,320 shares of the company’s stock valued at $684,000 after acquiring an additional 1,641 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Invesco Variable Rate Investment Grade ETF by 26.3% during the second quarter. Raymond James Financial Inc. now owns 385,708 shares of the company’s stock valued at $9,662,000 after acquiring an additional 80,277 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0%

Shares of VRIG opened at $25.06 on Friday. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.98 and a 1-year high of $25.18. The firm has a 50-day simple moving average of $25.07 and a two-hundred day simple moving average of $25.10.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 20th were issued a $0.0868 dividend. The ex-dividend date was Monday, April 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.