Total Clarity Wealth Management Inc. Buys New Position in Invesco Variable Rate Investment Grade ETF $VRIG

Total Clarity Wealth Management Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the third quarter, HoldingsChannel reports. The firm bought 98,728 shares of the company’s stock, valued at approximately $2,471,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prairie Advisory LLC bought a new position in Invesco Variable Rate Investment Grade ETF in the third quarter worth $3,290,000. Blue Capital Inc. lifted its position in Invesco Variable Rate Investment Grade ETF by 32.8% during the first quarter. Blue Capital Inc. now owns 164,202 shares of the company’s stock valued at $4,111,000 after buying an additional 40,589 shares during the period. PAX Financial Group LLC boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 210.9% during the 1st quarter. PAX Financial Group LLC now owns 55,605 shares of the company’s stock valued at $1,392,000 after buying an additional 37,722 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 2nd quarter valued at $664,000. Finally, Fig Financial Advisory Services Inc. ADV bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at $4,883,000.

Invesco Variable Rate Investment Grade ETF Price Performance

NASDAQ:VRIG opened at $25.00 on Wednesday. The firm’s 50-day moving average price is $25.05 and its 200-day moving average price is $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. 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 is an increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. This represents a $1.13 annualized dividend and a yield of 4.5%.

About Invesco Variable Rate Investment Grade ETF

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.