23,304 Invesco Variable Rate Investment Grade ETF $VRIG Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 38.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,007 shares of the company’s stock after selling 23,304 shares during the period. Sigma Planning Corp’s holdings in Invesco Variable Rate Investment Grade ETF were worth $951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in Invesco Variable Rate Investment Grade ETF by 79.6% during the first quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock worth $44,611,000 after buying an additional 789,612 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of Invesco Variable Rate Investment Grade ETF by 5,268.3% during the third quarter. Avior Wealth Management LLC now owns 360,804 shares of the company’s stock valued at $9,029,000 after acquiring an additional 354,083 shares during the last quarter. IFP Advisors Inc purchased a new stake in Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth about $6,967,000. Beaumont Financial Advisors LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the third quarter worth about $6,385,000. Finally, KMG Fiduciary Partners LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the third quarter worth about $5,400,000.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG opened at $25.03 on Friday. Invesco Variable Rate Investment Grade ETF has a 1 year low of $24.98 and a 1 year high of $25.18. The company’s 50 day simple moving average is $25.05 and its 200 day simple moving average is $25.08.

Invesco Variable Rate Investment Grade ETF Increases Dividend

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

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