PAX Financial Group LLC Purchases 37,722 Shares of Invesco Variable Rate Investment Grade ETF $VRIG

PAX Financial Group LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 210.9% during the first quarter, Holdings Channel.com reports. The firm owned 55,605 shares of the company’s stock after buying an additional 37,722 shares during the quarter. PAX Financial Group LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. KMG Fiduciary Partners LLC grew its holdings in Invesco Variable Rate Investment Grade ETF by 32.8% in the 4th quarter. KMG Fiduciary Partners LLC now owns 231,516 shares of the company’s stock valued at $5,811,000 after buying an additional 57,137 shares in the last quarter. Vectors Research Management LLC lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 8.6% during the fourth quarter. Vectors Research Management LLC now owns 342,509 shares of the company’s stock worth $8,597,000 after buying an additional 27,154 shares in the last quarter. Cherry Creek Investment Advisors Inc. lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 3.1% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 696,853 shares of the company’s stock worth $17,491,000 after buying an additional 21,021 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 19.2% during the fourth quarter. HighTower Advisors LLC now owns 398,615 shares of the company’s stock worth $10,005,000 after buying an additional 64,308 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 52.2% in the third quarter. Prevail Innovative Wealth Advisors LLC now owns 90,141 shares of the company’s stock valued at $2,263,000 after acquiring an additional 30,903 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG stock opened at $25.08 on Friday. The company’s 50-day simple moving average is $25.08 and its 200 day simple moving average is $25.09. Invesco Variable Rate Investment Grade ETF has a 52 week low of $25.00 and a 52 week high of $25.18.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.0919 dividend. The ex-dividend date was Monday, June 22nd. This represents a c) annualized dividend and a yield of 4.4%.

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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.