Auour Investments LLC Invests $7.36 Million in Invesco Variable Rate Investment Grade ETF $VRIG

Auour Investments LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 293,991 shares of the company’s stock, valued at approximately $7,360,000. Invesco Variable Rate Investment Grade ETF accounts for about 2.3% of Auour Investments LLC’s holdings, making the stock its 10th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. KMG Fiduciary Partners LLC grew its holdings in shares of 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 acquiring an additional 57,137 shares during the period. Laffer Tengler Investments Inc. lifted 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 valued at $4,753,000 after acquiring an additional 102,628 shares during the period. Vectors Research Management LLC lifted its holdings in Invesco Variable Rate Investment Grade ETF by 8.6% in the fourth quarter. Vectors Research Management LLC now owns 342,509 shares of the company’s stock valued at $8,597,000 after acquiring an additional 27,154 shares during the period. Cherry Creek Investment Advisors Inc. boosted its position 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 purchasing an additional 21,021 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC boosted its position in Invesco Variable Rate Investment Grade ETF by 52.2% in the third quarter. Prevail Innovative Wealth Advisors LLC now owns 90,141 shares of the company’s stock worth $2,263,000 after purchasing an additional 30,903 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

Invesco Variable Rate Investment Grade ETF stock opened at $25.07 on Thursday. Invesco Variable Rate Investment Grade ETF has a 52-week low of $25.00 and a 52-week high of $25.18. The business 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be issued a $0.0919 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

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.