LaSalle St. Investment Advisors LLC Takes $414,000 Position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

LaSalle St. Investment Advisors LLC acquired a new position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,496 shares of the company’s stock, valued at approximately $414,000.

A number of other hedge funds also recently bought and sold shares of VRIG. JPMorgan Chase & Co. increased its position in shares of Invesco Variable Rate Investment Grade ETF by 485.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,451 shares of the company’s stock valued at $87,000 after purchasing an additional 2,862 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth approximately $100,000. Truist Financial Corp purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth $208,000. SageOak Financial LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at $222,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth $241,000.

Invesco Variable Rate Investment Grade ETF Price Performance

NASDAQ:VRIG opened at $24.99 on Tuesday. Invesco Variable Rate Investment Grade ETF has a 52-week low of $24.79 and a 52-week high of $25.24. The stock has a 50-day simple moving average of $25.10 and a two-hundred day simple moving average of $25.11.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.0986 per share. The ex-dividend date was Monday, March 24th.

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.