Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Stake Lowered by Milestone Investment Advisors LLC

Milestone Investment Advisors LLC reduced its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,988 shares of the company’s stock after selling 6,489 shares during the quarter. Milestone Investment Advisors LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $3,110,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Raymond James & Associates grew its position in shares of Invesco Variable Rate Investment Grade ETF by 90.2% in the third quarter. Raymond James & Associates now owns 160,470 shares of the company’s stock valued at $4,025,000 after purchasing an additional 76,086 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Invesco Variable Rate Investment Grade ETF by 11.8% in the first quarter. Oppenheimer & Co. Inc. now owns 19,000 shares of the company’s stock worth $477,000 after purchasing an additional 2,000 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in Invesco Variable Rate Investment Grade ETF by 1.2% during the second quarter. Atria Wealth Solutions Inc. now owns 279,731 shares of the company’s stock worth $7,032,000 after purchasing an additional 3,197 shares during the period. Janney Montgomery Scott LLC acquired a new position in Invesco Variable Rate Investment Grade ETF during the first quarter worth $2,682,000. Finally, Holderness Investments Co. lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 1.7% during the second quarter. Holderness Investments Co. now owns 55,836 shares of the company’s stock valued at $1,404,000 after acquiring an additional 936 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Up 0.0 %

NASDAQ:VRIG opened at $25.12 on Wednesday. The stock’s fifty day moving average price is $25.12 and its two-hundred day moving average price is $25.13. Invesco Variable Rate Investment Grade ETF has a 52-week low of $24.85 and a 52-week high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were issued a dividend of $0.12 per share. The ex-dividend date was Monday, October 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.73%.

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.