Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Holdings Cut by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 44.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 322,864 shares of the company’s stock after selling 257,882 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco Variable Rate Investment Grade ETF were worth $8,109,000 as of its most recent SEC filing.

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

Invesco Variable Rate Investment Grade ETF Stock Performance

Invesco Variable Rate Investment Grade ETF stock opened at $25.14 on Tuesday. The firm’s fifty day simple moving average is $25.13 and its 200-day simple moving average is $25.13. Invesco Variable Rate Investment Grade ETF has a 1-year low of $25.03 and a 1-year high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

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

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.