HighTower Advisors LLC Acquires 64,308 Shares of Invesco Variable Rate Investment Grade ETF $VRIG

HighTower Advisors LLC boosted its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 19.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 398,615 shares of the company’s stock after purchasing an additional 64,308 shares during the period. HighTower Advisors LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $10,005,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CoreCap Advisors LLC lifted its stake in Invesco Variable Rate Investment Grade ETF by 64.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock worth $46,000 after purchasing an additional 718 shares during the last quarter. Aptus Capital Advisors LLC lifted its stake in Invesco Variable Rate Investment Grade ETF by 161.7% in the third quarter. Aptus Capital Advisors LLC now owns 6,101 shares of the company’s stock worth $153,000 after purchasing an additional 3,770 shares during the last quarter. Kraematon Investment Advisors Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF in the third quarter worth $209,000. PAX Financial Group LLC bought a new stake in Invesco Variable Rate Investment Grade ETF in the third quarter worth $212,000. Finally, Empirical Asset Management LLC lifted its stake in 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 worth $239,000 after purchasing an additional 1,507 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

Invesco Variable Rate Investment Grade ETF stock opened at $25.05 on Tuesday. The firm has a fifty day simple moving average of $25.06 and a two-hundred day simple moving average of $25.10. Invesco Variable Rate Investment Grade ETF has a twelve month low of $25.00 and a twelve month high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.0937 per share. This represents a c) 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 $0.09. The ex-dividend date of this dividend was Monday, May 18th.

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.