Janney Montgomery Scott LLC Acquires 64,240 Shares of Invesco Variable Rate Investment Grade ETF $VRIG

Janney Montgomery Scott LLC raised its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 452.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,451 shares of the company’s stock after purchasing an additional 64,240 shares during the quarter. Janney Montgomery Scott LLC owned 0.13% of Invesco Variable Rate Investment Grade ETF worth $1,964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of VRIG. Jane Street Group LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF in the first quarter valued at about $1,235,000. JPMorgan Chase & Co. raised its stake in Invesco Variable Rate Investment Grade ETF by 64.1% during the second quarter. JPMorgan Chase & Co. now owns 37,912 shares of the company’s stock worth $950,000 after acquiring an additional 14,805 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 4.8% in the second quarter. First Trust Advisors LP now owns 117,855 shares of the company’s stock worth $2,952,000 after acquiring an additional 5,351 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 6.4% in the second quarter. NewEdge Advisors LLC now owns 27,320 shares of the company’s stock worth $684,000 after acquiring an additional 1,641 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Invesco Variable Rate Investment Grade ETF by 26.3% in the 2nd quarter. Raymond James Financial Inc. now owns 385,708 shares of the company’s stock valued at $9,662,000 after purchasing an additional 80,277 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.09 on Friday. The firm’s 50 day moving average is $25.08 and its 200 day moving average is $25.09. Invesco Variable Rate Investment Grade ETF has a 1 year low of $25.00 and a 1 year 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. Shareholders of record on Monday, June 22nd were given a $0.0919 dividend. The ex-dividend date was Monday, June 22nd. This represents a c) dividend on an annualized basis and a 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.