Kestra Advisory Services LLC Makes New $7.72 Million Investment in Invesco Variable Rate Investment Grade ETF $VRIG

Kestra Advisory Services LLC purchased a new position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 310,250 shares of the company’s stock, valued at approximately $7,716,000. Kestra Advisory Services LLC owned about 0.39% of Invesco Variable Rate Investment Grade ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VRIG. Signature Equity Partners LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF in the third quarter worth approximately $133,000. Intrua Financial LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF in the 3rd quarter worth approximately $465,000. MGO One Seven LLC bought a new position in Invesco Variable Rate Investment Grade ETF in the third quarter worth approximately $230,000. Avestar Capital LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the third quarter valued at $771,000. Finally, Auour Investments LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at about $10,402,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG opened at $25.07 on Wednesday. The company has a 50 day simple moving average of $25.04 and a two-hundred day simple moving average of $25.08. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.98 and a 1-year high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were paid a $0.0938 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.5%. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. The ex-dividend date of this dividend was Monday, October 19th.

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.