Founders Financial Securities LLC Sells 72,651 Shares of Invesco Variable Rate Investment Grade ETF $VRIG

Founders Financial Securities LLC decreased its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 86.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,233 shares of the company’s stock after selling 72,651 shares during the period. Founders Financial Securities LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $282,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at about $35,000. CoreCap Advisors LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 64.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock worth $46,000 after purchasing an additional 718 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 161.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 6,101 shares of the company’s stock worth $153,000 after purchasing an additional 3,770 shares during the last quarter. Kraematon Investment Advisors Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at approximately $209,000. Finally, Empirical Asset Management LLC boosted its stake in Invesco Variable Rate Investment Grade ETF by 18.8% during the 3rd quarter. Empirical Asset Management LLC now owns 9,524 shares of the company’s stock valued at $239,000 after purchasing an additional 1,507 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Up 0.0%

VRIG opened at $25.08 on Wednesday. The stock’s 50 day moving average price is $25.06 and its two-hundred day moving average price is $25.10. Invesco Variable Rate Investment Grade ETF has a 12-month low of $25.00 and a 12-month high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were given a $0.0937 dividend. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, May 18th.

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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.