Simplicity Wealth LLC Acquires New Stake in Invesco Variable Rate Investment Grade ETF $VRIG

Simplicity Wealth LLC bought a new position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 98,095 shares of the company’s stock, valued at approximately $2,455,000. Simplicity Wealth LLC owned 0.13% of Invesco Variable Rate Investment Grade ETF as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in Invesco Variable Rate Investment Grade ETF by 79.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock valued at $44,611,000 after buying an additional 789,612 shares during the period. Avior Wealth Management LLC boosted its stake in Invesco Variable Rate Investment Grade ETF by 5,268.3% during the third quarter. Avior Wealth Management LLC now owns 360,804 shares of the company’s stock worth $9,029,000 after buying an additional 354,083 shares during the period. IFP Advisors Inc purchased a new position in Invesco Variable Rate Investment Grade ETF during the third quarter worth $6,967,000. Beaumont Financial Advisors LLC bought a new position in Invesco Variable Rate Investment Grade ETF during the third quarter valued at $6,385,000. Finally, KMG Fiduciary Partners LLC bought a new position in Invesco Variable Rate Investment Grade ETF during the third quarter valued at $5,400,000.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG opened at $24.99 on Monday. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.98 and a twelve month high of $25.18. The company’s fifty day simple moving average is $25.06 and its 200-day simple moving average is $25.07.

Invesco Variable Rate Investment Grade ETF Increases Dividend

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

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.