Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Raises Dividend to $0.10 Per Share

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) declared a monthly dividend on Monday, January 19th. Stockholders of record on Tuesday, January 20th will be paid a dividend of 0.0998 per share on Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, January 20th. This is a 3.8% increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.10.

Invesco Variable Rate Investment Grade ETF Price Performance

VRIG stock remained flat at $25.15 during trading on Monday. The company had a trading volume of 275,490 shares, compared to its average volume of 441,935. The firm’s fifty day moving average is $25.11 and its two-hundred day moving average is $25.11. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.79 and a twelve month high of $25.19.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Several large investors have recently made changes to their positions in VRIG. Cherry Creek Investment Advisors Inc. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 3.1% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 696,853 shares of the company’s stock valued at $17,491,000 after purchasing an additional 21,021 shares during the last quarter. Silver Oak Securities Incorporated grew its stake in Invesco Variable Rate Investment Grade ETF by 685.3% during the fourth quarter. Silver Oak Securities Incorporated now owns 75,683 shares of the company’s stock worth $1,899,000 after buying an additional 66,046 shares during the last quarter. ORG Partners LLC increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 12.6% during the fourth quarter. ORG Partners LLC now owns 129,264 shares of the company’s stock worth $3,245,000 after buying an additional 14,464 shares in the last quarter. Worth Asset Management LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter worth approximately $1,427,000. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 6.6% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 512,330 shares of the company’s stock valued at $12,859,000 after acquiring an additional 31,866 shares during 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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.