Arkadios Wealth Advisors Cuts Stock Position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Arkadios Wealth Advisors lessened its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,637 shares of the company’s stock after selling 2,516 shares during the period. Arkadios Wealth Advisors’ holdings in Invesco Variable Rate Investment Grade ETF were worth $442,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. LPL Financial LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 25.9% in the 1st quarter. LPL Financial LLC now owns 4,139,340 shares of the company’s stock valued at $103,815,000 after acquiring an additional 851,024 shares during the period. Assetmark Inc. increased its stake in Invesco Variable Rate Investment Grade ETF by 1,067.1% during the 1st quarter. Assetmark Inc. now owns 3,527,911 shares of the company’s stock worth $88,480,000 after buying an additional 3,225,624 shares during the period. Cetera Investment Advisers increased its stake in Invesco Variable Rate Investment Grade ETF by 77.3% during the 1st quarter. Cetera Investment Advisers now owns 569,677 shares of the company’s stock worth $14,288,000 after buying an additional 248,416 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Invesco Variable Rate Investment Grade ETF during the 1st quarter worth $12,349,000. Finally, J.W. Cole Advisors Inc. increased its stake in Invesco Variable Rate Investment Grade ETF by 3.6% during the 1st quarter. J.W. Cole Advisors Inc. now owns 35,758 shares of the company’s stock worth $897,000 after buying an additional 1,259 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Down 0.0%

Invesco Variable Rate Investment Grade ETF stock opened at $25.09 on Tuesday. Invesco Variable Rate Investment Grade ETF has a 12-month low of $24.79 and a 12-month high of $25.21. The firm’s fifty day moving average price is $25.08 and its 200 day moving average price is $25.07.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 21st were paid a dividend of $0.1061 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a c) annualized dividend and a yield of 5.1%.

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.