Bank of New York Mellon Corp Acquires 789,612 Shares of Invesco Variable Rate Investment Grade ETF $VRIG

Bank of New York Mellon Corp boosted its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 79.6% in the 1st quarter, HoldingsChannel reports. The firm owned 1,781,949 shares of the company’s stock after purchasing an additional 789,612 shares during the quarter. Bank of New York Mellon Corp’s holdings in Invesco Variable Rate Investment Grade ETF were worth $44,611,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VRIG. PNC Financial Services Group Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at $35,000. Sound Income Strategies LLC boosted its stake 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 during the last quarter. CoreCap Advisors LLC boosted its stake 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 last quarter. Evolution Wealth Management Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF in the 1st quarter worth approximately $49,000. Finally, Harbor Asset Planning Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF in the 1st quarter worth approximately $80,000.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG opened at $25.05 on Friday. Invesco Variable Rate Investment Grade ETF has a 1 year low of $25.00 and a 1 year high of $25.18. The business’s 50 day simple moving average is $25.08 and its 200-day simple moving average is $25.09.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were given a dividend of $0.0922 per share. The ex-dividend date was Monday, July 20th.

About Invesco Variable Rate Investment Grade ETF

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.