Farther Finance Advisors LLC Makes New $375,000 Investment in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Farther Finance Advisors LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,948 shares of the company’s stock, valued at approximately $375,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Holderness Investments Co. raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 1.7% in the 2nd quarter. Holderness Investments Co. now owns 55,836 shares of the company’s stock valued at $1,404,000 after purchasing an additional 936 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of Invesco Variable Rate Investment Grade ETF by 4.8% in the 2nd quarter. Arkadios Wealth Advisors now owns 24,977 shares of the company’s stock worth $628,000 after buying an additional 1,155 shares during the last quarter. NBC Securities Inc. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 34.7% during the 3rd quarter. NBC Securities Inc. now owns 5,181 shares of the company’s stock worth $129,000 after acquiring an additional 1,335 shares in the last quarter. Sunflower Bank N.A. lifted its position in Invesco Variable Rate Investment Grade ETF by 0.3% during the third quarter. Sunflower Bank N.A. now owns 515,241 shares of the company’s stock valued at $12,925,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Invesco Variable Rate Investment Grade ETF by 11.8% in the first quarter. Oppenheimer & Co. Inc. now owns 19,000 shares of the company’s stock valued at $477,000 after acquiring an additional 2,000 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

Invesco Variable Rate Investment Grade ETF stock opened at $25.12 on Friday. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.85 and a 1-year high of $25.24. The business has a fifty day moving average price of $25.12 and a 200-day moving average price of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 21st were paid a dividend of $0.12 per share. The ex-dividend date was Monday, October 21st. This represents a $1.44 annualized dividend and a dividend yield of 5.73%.

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.