Concourse Financial Group Securities Inc. Sells 11,741 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Concourse Financial Group Securities Inc. cut its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,560 shares of the company’s stock after selling 11,741 shares during the period. Concourse Financial Group Securities Inc. owned approximately 0.27% of Invesco Variable Rate Investment Grade ETF worth $2,238,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. LPL Financial LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 21.4% in the 3rd quarter. LPL Financial LLC now owns 1,410,502 shares of the company’s stock valued at $35,184,000 after acquiring an additional 248,526 shares in the last quarter. Fiduciary Planning LLC grew its stake in Invesco Variable Rate Investment Grade ETF by 245.3% in the 4th quarter. Fiduciary Planning LLC now owns 928,359 shares of the company’s stock valued at $23,200,000 after buying an additional 659,505 shares during the last quarter. Stifel Financial Corp raised its holdings in Invesco Variable Rate Investment Grade ETF by 33.2% in the 3rd quarter. Stifel Financial Corp now owns 587,129 shares of the company’s stock worth $14,646,000 after acquiring an additional 146,195 shares during the period. HighTower Advisors LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 17.3% in the 3rd quarter. HighTower Advisors LLC now owns 511,486 shares of the company’s stock worth $12,762,000 after acquiring an additional 75,413 shares during the period. Finally, Private Advisor Group LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 13.1% during the 4th quarter. Private Advisor Group LLC now owns 400,448 shares of the company’s stock worth $10,007,000 after acquiring an additional 46,400 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of Invesco Variable Rate Investment Grade ETF stock remained flat at $25.16 during trading on Thursday. The stock had a trading volume of 147,971 shares, compared to its average volume of 347,519. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.82 and a twelve month high of $25.20. The stock has a 50 day moving average price of $25.12 and a two-hundred day moving average price of $25.04.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, April 26th. Stockholders of record on Tuesday, April 23rd were paid a $0.1341 dividend. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.61 annualized dividend and a dividend yield of 6.40%.

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.