9823 Capital L.P. Acquires Shares of 56,010 Invesco Variable Rate Investment Grade ETF $VRIG

9823 Capital L.P. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 56,010 shares of the company’s stock, valued at approximately $1,406,000. Invesco Variable Rate Investment Grade ETF accounts for about 1.0% of 9823 Capital L.P.’s holdings, making the stock its 11th biggest position. 9823 Capital L.P. owned about 0.10% of Invesco Variable Rate Investment Grade ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at $35,000. CoreCap Advisors LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 64.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock valued at $46,000 after buying an additional 718 shares during the period. Aptus Capital Advisors LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 161.7% during the third quarter. Aptus Capital Advisors LLC now owns 6,101 shares of the company’s stock valued at $153,000 after buying an additional 3,770 shares during the period. Kraematon Investment Advisors Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF during the third quarter valued at $209,000. Finally, Blair William & Co. IL lifted its position in Invesco Variable Rate Investment Grade ETF by 5.7% during the fourth quarter. Blair William & Co. IL now owns 8,871 shares of the company’s stock valued at $223,000 after buying an additional 476 shares during the period.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.13 on Thursday. The business has a fifty day simple moving average of $25.07 and a two-hundred day simple moving average of $25.10. Invesco Variable Rate Investment Grade ETF has a 12 month low of $25.00 and a 12 month high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.0937 per share. The ex-dividend date was Monday, May 18th. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 4.5%.

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.