Auour Investments LLC Makes New Investment in Invesco Variable Rate Investment Grade ETF $VRIG

Auour Investments LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the third quarter, Holdings Channel reports. The firm bought 415,648 shares of the company’s stock, valued at approximately $10,402,000. Invesco Variable Rate Investment Grade ETF makes up 2.9% of Auour Investments LLC’s investment portfolio, making the stock its 5th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Prairie Advisory LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the third quarter worth $3,290,000. Blue Capital Inc. boosted its position in Invesco Variable Rate Investment Grade ETF by 32.8% during the first quarter. Blue Capital Inc. now owns 164,202 shares of the company’s stock valued at $4,111,000 after purchasing an additional 40,589 shares during the last quarter. PAX Financial Group LLC boosted its position in Invesco Variable Rate Investment Grade ETF by 210.9% during the first quarter. PAX Financial Group LLC now owns 55,605 shares of the company’s stock valued at $1,392,000 after purchasing an additional 37,722 shares during the last quarter. Fig Financial Advisory Services Inc. ADV acquired a new stake in Invesco Variable Rate Investment Grade ETF during the third quarter valued at $4,883,000. Finally, IFP Advisors Inc purchased a new position in Invesco Variable Rate Investment Grade ETF in the third quarter valued at about $6,967,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of NASDAQ VRIG opened at $25.02 on Friday. Invesco Variable Rate Investment Grade ETF has a one year low of $24.98 and a one year high of $25.18. The business’s 50-day moving average price is $25.05 and its two-hundred day moving average price is $25.08.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were issued a dividend of $0.0938 per share. The ex-dividend date was Monday, October 19th. This represents a $1.13 annualized dividend and a dividend yield of 4.5%. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912.

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.