Prevail Innovative Wealth Advisors LLC Grows Position in Invesco Variable Rate Investment Grade ETF $VRIG

Prevail Innovative Wealth Advisors LLC lifted its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 52.2% during the 3rd quarter, Holdings Channel reports. The firm owned 90,141 shares of the company’s stock after acquiring an additional 30,903 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $2,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC boosted its position in Invesco Variable Rate Investment Grade ETF by 1.1% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 47,981 shares of the company’s stock valued at $1,204,000 after buying an additional 511 shares during the period. Inspire Advisors LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 2.3% in the third quarter. Inspire Advisors LLC now owns 50,641 shares of the company’s stock valued at $1,271,000 after acquiring an additional 1,144 shares during the period. Empirical Asset Management LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 18.8% in the third quarter. Empirical Asset Management LLC now owns 9,524 shares of the company’s stock valued at $239,000 after acquiring an additional 1,507 shares during the period. Sequent Planning LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 7.8% during the third quarter. Sequent Planning LLC now owns 21,640 shares of the company’s stock valued at $543,000 after acquiring an additional 1,574 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 6.4% during the second quarter. NewEdge Advisors LLC now owns 27,320 shares of the company’s stock valued at $684,000 after acquiring an additional 1,641 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0%

Invesco Variable Rate Investment Grade ETF stock opened at $25.11 on Friday. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.79 and a 1-year high of $25.18. The firm has a 50-day moving average of $25.12 and a 200-day moving average of $25.11.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were given a dividend of $0.0968 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 4.6%.

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.