Inspire Advisors LLC Raises Position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Inspire Advisors LLC boosted its stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 55.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,700 shares of the company’s stock after buying an additional 9,206 shares during the quarter. Inspire Advisors LLC owned approximately 0.05% of Invesco Variable Rate Investment Grade ETF worth $645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VRIG. Lunt Capital Management Inc. lifted its stake in Invesco Variable Rate Investment Grade ETF by 93.9% in the 4th quarter. Lunt Capital Management Inc. now owns 847,989 shares of the company’s stock valued at $21,297,000 after buying an additional 410,593 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at about $5,525,000. Cerro Pacific Wealth Advisors LLC lifted its stake in Invesco Variable Rate Investment Grade ETF by 75.0% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 235,516 shares of the company’s stock valued at $5,908,000 after buying an additional 100,937 shares in the last quarter. Beaumont Financial Advisors LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 22.6% in the 4th quarter. Beaumont Financial Advisors LLC now owns 424,777 shares of the company’s stock valued at $10,668,000 after acquiring an additional 78,184 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 42.3% in the 4th quarter. Private Advisor Group LLC now owns 230,869 shares of the company’s stock valued at $5,798,000 after acquiring an additional 68,604 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Down 0.0 %

VRIG stock opened at $25.13 on Wednesday. Invesco Variable Rate Investment Grade ETF has a 12 month low of $25.03 and a 12 month high of $25.24. The firm has a 50-day moving average of $25.13 and a two-hundred day moving average of $25.12.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were issued a $0.1041 dividend. The ex-dividend date was Monday, February 24th.

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.