Laffer Tengler Investments Inc. Trims Stake in Invesco Variable Rate Investment Grade ETF $VRIG

Laffer Tengler Investments Inc. lessened its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 20.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,742 shares of the company’s stock after selling 22,141 shares during the quarter. Laffer Tengler Investments Inc. owned 0.18% of Invesco Variable Rate Investment Grade ETF worth $2,173,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the first quarter valued at approximately $50,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 258.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,477 shares of the company’s stock worth $112,000 after buying an additional 3,227 shares during the period. Empirical Asset Management LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 2nd quarter worth approximately $201,000. IronOak Wealth LLC. purchased a new position in Invesco Variable Rate Investment Grade ETF during the 2nd quarter valued at $202,000. Finally, Sowell Financial Services LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the 2nd quarter valued at $225,000.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0%

VRIG stock opened at $25.11 on Monday. The business’s fifty day simple moving average is $25.11 and its two-hundred day simple moving average is $25.08. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.79 and a twelve month high of $25.21.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, October 24th. Stockholders of record on Monday, October 20th were issued a $0.1014 dividend. The ex-dividend date was Monday, October 20th.

Invesco Variable Rate Investment Grade ETF 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.