101,796 Invesco Variable Rate Investment Grade ETF $VRIG Shares Purchased by Harfst & Associates Inc.

Harfst & Associates Inc. raised its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 11.3% in the 3rd quarter, Holdings Channel reports. The firm owned 1,004,561 shares of the company’s stock after buying an additional 101,796 shares during the quarter. Invesco Variable Rate Investment Grade ETF accounts for 4.8% of Harfst & Associates Inc.’s holdings, making the stock its 5th largest position. Harfst & Associates Inc.’s holdings in Invesco Variable Rate Investment Grade ETF were worth $25,139,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in VRIG. South Shore Capital Advisors bought a new position in shares of Invesco Variable Rate Investment Grade ETF in the third quarter worth $248,000. Prairie Advisory LLC bought a new stake in Invesco Variable Rate Investment Grade ETF during the third quarter valued at $3,290,000. Cottage Street Advisors LLC bought a new stake in Invesco Variable Rate Investment Grade ETF during the third quarter valued at $1,389,000. IFP Advisors Inc purchased a new position in Invesco Variable Rate Investment Grade ETF during the third quarter worth about $6,967,000. Finally, Legacy Wealth Partners LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the third quarter worth about $359,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

Invesco Variable Rate Investment Grade ETF stock opened at $24.98 on Wednesday. The business has a 50-day simple moving average of $25.06 and a 200 day simple moving average of $25.07. Invesco Variable Rate Investment Grade ETF has a 52 week low of $24.98 and a 52 week high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Monday, October 19th will be given a dividend of $0.0938 per share. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. The ex-dividend date is Monday, October 19th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.5%.

Invesco Variable Rate Investment Grade ETF 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.