Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Stake Lowered by Kovack Advisors Inc.

Kovack Advisors Inc. cut its holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,116 shares of the company’s stock after selling 932 shares during the period. Kovack Advisors Inc. owned approximately 0.47% of Invesco Variable Rate Investment Grade ETF worth $3,851,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Arkadios Wealth Advisors boosted its holdings in Invesco Variable Rate Investment Grade ETF by 2.1% in the fourth quarter. Arkadios Wealth Advisors now owns 22,484 shares of the company’s stock worth $562,000 after purchasing an additional 462 shares in the last quarter. TAP Consulting LLC boosted its holdings in Invesco Variable Rate Investment Grade ETF by 1.2% in the fourth quarter. TAP Consulting LLC now owns 42,952 shares of the company’s stock worth $1,073,000 after purchasing an additional 521 shares in the last quarter. Capital Analysts LLC boosted its holdings in Invesco Variable Rate Investment Grade ETF by 1.0% in the fourth quarter. Capital Analysts LLC now owns 100,057 shares of the company’s stock worth $2,500,000 after purchasing an additional 1,028 shares in the last quarter. KMG Fiduciary Partners LLC boosted its holdings in Invesco Variable Rate Investment Grade ETF by 1.2% in the third quarter. KMG Fiduciary Partners LLC now owns 102,262 shares of the company’s stock worth $2,551,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Accurate Wealth Management LLC boosted its holdings in Invesco Variable Rate Investment Grade ETF by 18.1% in the fourth quarter. Accurate Wealth Management LLC now owns 10,268 shares of the company’s stock worth $258,000 after purchasing an additional 1,574 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0 %

NASDAQ:VRIG traded up $0.01 during trading hours on Friday, reaching $25.09. The company’s stock had a trading volume of 261,900 shares, compared to its average volume of 307,617. Invesco Variable Rate Investment Grade ETF has a one year low of $24.78 and a one year high of $25.20. The business’s 50-day moving average is $25.11 and its 200-day moving average is $25.04.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $0.1341 per share. This represents a $1.61 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend is Monday, April 22nd.

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.