Raymond James & Associates Has $4.03 Million Stock Position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Raymond James & Associates lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 90.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 160,470 shares of the company’s stock after buying an additional 76,086 shares during the period. Raymond James & Associates’ holdings in Invesco Variable Rate Investment Grade ETF were worth $4,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. grew its stake in Invesco Variable Rate Investment Grade ETF by 11.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 19,000 shares of the company’s stock valued at $477,000 after buying an additional 2,000 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in Invesco Variable Rate Investment Grade ETF by 1.2% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 279,731 shares of the company’s stock valued at $7,032,000 after buying an additional 3,197 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Invesco Variable Rate Investment Grade ETF in the 1st quarter valued at $2,682,000. Holderness Investments Co. grew its stake in 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 buying an additional 936 shares during the last quarter. Finally, ICA Group Wealth Management LLC grew its stake in Invesco Variable Rate Investment Grade ETF by 651.0% in the 2nd quarter. ICA Group Wealth Management LLC now owns 85,424 shares of the company’s stock valued at $2,148,000 after buying an additional 74,049 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Up 0.1 %

NASDAQ:VRIG opened at $25.11 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 firm’s fifty day simple moving average is $25.12 and its 200 day simple moving average is $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were paid a $0.12 dividend. The ex-dividend date was Monday, October 21st. This represents a $1.44 dividend on an annualized basis and a 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.