Beaumont Financial Advisors LLC Has $6.13 Million Stock Position in Invesco Variable Rate Investment Grade ETF $VRIG

Beaumont Financial Advisors LLC lowered its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 22.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 244,728 shares of the company’s stock after selling 70,958 shares during the quarter. Beaumont Financial Advisors LLC owned about 0.41% of Invesco Variable Rate Investment Grade ETF worth $6,127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of VRIG. PNC Financial Services Group Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth $35,000. Sound Income Strategies LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 141,100.0% during the first quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock valued at $35,000 after buying an additional 1,411 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 64.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock worth $46,000 after buying an additional 718 shares during the last quarter. Evolution Wealth Management Inc. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the first quarter worth about $49,000. Finally, Harbor Asset Planning Inc. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the first quarter worth about $80,000.

Invesco Variable Rate Investment Grade ETF Trading Up 0.1%

VRIG opened at $25.12 on Thursday. The stock has a 50-day moving average of $25.08 and a 200-day moving average of $25.09. 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 Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.0919 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, June 22nd.

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.