Courier Capital LLC Cuts Stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Courier Capital LLC reduced its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 602,875 shares of the company’s stock after selling 23,744 shares during the quarter. Invesco Variable Rate Investment Grade ETF comprises approximately 1.0% of Courier Capital LLC’s investment portfolio, making the stock its 20th biggest holding. Courier Capital LLC owned about 1.43% of Invesco Variable Rate Investment Grade ETF worth $15,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Calton & Associates Inc. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the first quarter worth $202,000. Founders Financial Securities LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the first quarter worth $2,608,000. Fiduciary Alliance LLC lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 14.9% during the first quarter. Fiduciary Alliance LLC now owns 82,599 shares of the company’s stock worth $2,073,000 after buying an additional 10,712 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 54.3% during the first quarter. Commonwealth Equity Services LLC now owns 63,239 shares of the company’s stock worth $1,587,000 after buying an additional 22,263 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 6.0% during the first quarter. Arkadios Wealth Advisors now owns 23,822 shares of the company’s stock worth $598,000 after buying an additional 1,338 shares during the period.

Invesco Variable Rate Investment Grade ETF Trading Up 0.1 %

Shares of NASDAQ:VRIG traded up $0.02 on Wednesday, hitting $25.08. 163,763 shares of the company were exchanged, compared to its average volume of 296,300. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.85 and a 1-year high of $25.24. The stock’s 50 day moving average price is $25.12 and its 200 day moving average price is $25.14.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, October 21st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $1.44 dividend on an annualized basis and a yield of 5.74%.

Invesco Variable Rate Investment Grade ETF 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.