Founders Financial Securities LLC Has $282,000 Position in Invesco Variable Rate Investment Grade ETF $VRIG

Founders Financial Securities LLC lowered its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 86.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,233 shares of the company’s stock after selling 72,651 shares during the period. Founders Financial Securities LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $282,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp increased its holdings in Invesco Variable Rate Investment Grade ETF by 135.2% in the third quarter. Truist Financial Corp now owns 138,266 shares of the company’s stock worth $3,470,000 after buying an additional 79,490 shares during the last quarter. KMG Fiduciary Partners LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 32.8% in the fourth quarter. KMG Fiduciary Partners LLC now owns 231,516 shares of the company’s stock worth $5,811,000 after buying an additional 57,137 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 2,463.6% in the third quarter. Wealthcare Advisory Partners LLC now owns 480,464 shares of the company’s stock worth $12,060,000 after buying an additional 461,722 shares during the last quarter. Laffer Tengler Investments Inc. increased its holdings in Invesco Variable Rate Investment Grade ETF by 118.3% in the third quarter. Laffer Tengler Investments Inc. now owns 189,370 shares of the company’s stock worth $4,753,000 after buying an additional 102,628 shares during the last quarter. Finally, Cherry Creek Investment Advisors Inc. increased its holdings in Invesco Variable Rate Investment Grade ETF by 3.1% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 696,853 shares of the company’s stock worth $17,491,000 after buying an additional 21,021 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ:VRIG opened at $25.08 on Wednesday. The stock’s 50 day moving average price is $25.06 and its 200 day moving average price is $25.10. Invesco Variable Rate Investment Grade ETF has a 52 week low of $25.00 and a 52 week high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were given a dividend of $0.0937 per share. The ex-dividend date of this dividend was Monday, May 18th. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis 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.