Janney Montgomery Scott LLC Acquires Shares of 106,895 Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Janney Montgomery Scott LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 106,895 shares of the company’s stock, valued at approximately $2,682,000. Janney Montgomery Scott LLC owned 0.30% of Invesco Variable Rate Investment Grade ETF as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth $47,574,000. Guardian Wealth Advisors LLC NC grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 5.7% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 76,043 shares of the company’s stock worth $1,900,000 after purchasing an additional 4,082 shares during the period. Lunt Capital Management Inc. acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth $2,764,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 10.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 101,383 shares of the company’s stock worth $2,534,000 after purchasing an additional 9,358 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth $329,000.

Invesco Variable Rate Investment Grade ETF Stock Up 0.1 %

NASDAQ:VRIG opened at $25.19 on Friday. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.85 and a fifty-two week high of $25.24. The firm’s fifty day simple moving average is $25.16 and its 200-day simple moving average is $25.11.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a $0.1241 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.49 annualized dividend and a dividend yield of 5.91%.

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.