Invesco Variable Rate Investment Grade ETF Announces Monthly Dividend of $0.13 (NASDAQ:VRIG)

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) announced a monthly dividend on Monday, November 20th, NASDAQ reports. Stockholders of record on Tuesday, November 21st will be given a dividend of 0.1272 per share on Friday, November 24th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date of this dividend is Monday, November 20th.

Invesco Variable Rate Investment Grade ETF Trading Down 0.4 %

Shares of VRIG traded down $0.10 during mid-day trading on Monday, reaching $24.88. 131,258 shares of the stock traded hands, compared to its average volume of 205,956. The stock has a fifty day simple moving average of $24.96 and a 200 day simple moving average of $24.94. Invesco Variable Rate Investment Grade ETF has a 12-month low of $24.51 and a 12-month high of $25.07.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Hedge funds have recently made changes to their positions in the stock. Fortis Capital Advisors LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter worth approximately $27,000. UBS Group AG acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the second quarter worth approximately $28,000. Belpointe Asset Management LLC grew its position in shares of Invesco Variable Rate Investment Grade ETF by 42.6% during the first quarter. Belpointe Asset Management LLC now owns 1,561 shares of the company’s stock worth $39,000 after buying an additional 466 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco Variable Rate Investment Grade ETF by 96.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,453 shares of the company’s stock worth $61,000 after buying an additional 1,203 shares in the last quarter. Finally, Retirement Group LLC grew its position in shares of Invesco Variable Rate Investment Grade ETF by 109.1% during the fourth quarter. Retirement Group LLC now owns 2,714 shares of the company’s stock worth $67,000 after buying an additional 1,416 shares in the last quarter.

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.