Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Declares $0.09 Dividend

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) announced a dividend on Friday, June 19th, NASDAQ Dividends reports. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.0919 per share on Friday, June 26th. The ex-dividend date of this dividend is Monday, June 22nd.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG stock remained flat at $25.13 on Friday. 659,416 shares of the company were exchanged, compared to its average volume of 423,318. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $25.00 and a fifty-two week high of $25.18. The company has a 50 day simple moving average of $25.07 and a two-hundred day simple moving average of $25.10.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at approximately $35,000. Sound Income Strategies LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 141,100.0% in the first quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock worth $35,000 after purchasing an additional 1,411 shares during the period. CoreCap Advisors LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 64.9% in the fourth 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 period. Evolution Wealth Management Inc. acquired a new stake in Invesco Variable Rate Investment Grade ETF during the first quarter worth $49,000. Finally, Harbor Asset Planning Inc. acquired a new stake in Invesco Variable Rate Investment Grade ETF during the first quarter worth $80,000.

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.