WJ Wealth Management LLC Makes New Investment in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

WJ Wealth Management LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 139,198 shares of the company’s stock, valued at approximately $3,465,000. Invesco Variable Rate Investment Grade ETF comprises about 1.6% of WJ Wealth Management LLC’s holdings, making the stock its 16th biggest position. WJ Wealth Management LLC owned 0.58% of Invesco Variable Rate Investment Grade ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. OLD Mission Capital LLC bought a new position in Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at $55,000. Belpointe Asset Management LLC purchased a new position in Invesco Variable Rate Investment Grade ETF in the 4th quarter worth about $27,000. Halbert Hargrove Global Advisors LLC purchased a new position in Invesco Variable Rate Investment Grade ETF in the 1st quarter worth about $239,000. Vectors Research Management LLC lifted its holdings in Invesco Variable Rate Investment Grade ETF by 1.5% during the 1st quarter. Vectors Research Management LLC now owns 947,949 shares of the company’s stock valued at $23,433,000 after buying an additional 13,799 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in Invesco Variable Rate Investment Grade ETF by 297.5% in the 1st quarter. Sigma Planning Corp now owns 126,563 shares of the company’s stock valued at $3,129,000 after buying an additional 94,725 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of NASDAQ:VRIG traded down $0.12 during trading on Monday, reaching $24.91. 31,814 shares of the company were exchanged, compared to its average volume of 208,053. The business’s fifty day simple moving average is $24.98 and its 200-day simple moving average is $24.91. Invesco Variable Rate Investment Grade ETF has a 12-month low of $24.51 and a 12-month high of $25.07.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 25th. Shareholders of record on Tuesday, August 22nd were given a dividend of $0.1299 per share. The ex-dividend date was Monday, August 21st. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.13. This represents a $1.56 dividend on an annualized basis and a yield of 6.26%.

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.