Beaumont Financial Advisors LLC Acquires 255,144 Shares of Invesco Variable Rate Investment Grade ETF $VRIG

Beaumont Financial Advisors LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the third quarter, HoldingsChannel reports. The institutional investor bought 255,144 shares of the company’s stock, valued at approximately $6,385,000.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Invesco Variable Rate Investment Grade ETF by 79.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock valued at $44,611,000 after buying an additional 789,612 shares in the last quarter. Harfst & Associates Inc. boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 11.3% during the 3rd quarter. Harfst & Associates Inc. now owns 1,004,561 shares of the company’s stock valued at $25,139,000 after acquiring an additional 101,796 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 24.9% during the 1st quarter. Cetera Investment Advisers now owns 543,151 shares of the company’s stock valued at $13,598,000 after acquiring an additional 108,220 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 5.1% in the second quarter. Wealthcare Advisory Partners LLC now owns 536,030 shares of the company’s stock valued at $13,438,000 after purchasing an additional 26,109 shares in the last quarter. Finally, Courier Capital LLC grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 77.7% in the third quarter. Courier Capital LLC now owns 477,268 shares of the company’s stock valued at $11,944,000 after purchasing an additional 208,661 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

Invesco Variable Rate Investment Grade ETF stock opened at $24.99 on Friday. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.98 and a twelve month high of $25.18. The company’s 50-day moving average price is $25.06 and its 200-day moving average price is $25.07.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were given a $0.0938 dividend. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. The ex-dividend date of this dividend was Monday, October 19th. This represents a $1.13 annualized dividend and a yield of 4.5%.

Invesco Variable Rate Investment Grade ETF 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.