Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Position Raised by Lunt Capital Management Inc.

Lunt Capital Management Inc. lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 437,396 shares of the company’s stock after buying an additional 12,386 shares during the period. Invesco Variable Rate Investment Grade ETF makes up 5.1% of Lunt Capital Management Inc.’s portfolio, making the stock its 3rd biggest position. Lunt Capital Management Inc. owned about 1.04% of Invesco Variable Rate Investment Grade ETF worth $10,972,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 11.8% in the first quarter. Oppenheimer & Co. Inc. now owns 19,000 shares of the company’s stock worth $477,000 after buying an additional 2,000 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF in the first quarter worth about $2,682,000. Atria Wealth Solutions Inc. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 1.2% in the second quarter. Atria Wealth Solutions Inc. now owns 279,731 shares of the company’s stock worth $7,032,000 after buying an additional 3,197 shares during the period. Holderness Investments Co. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 1.7% in the second quarter. Holderness Investments Co. now owns 55,836 shares of the company’s stock worth $1,404,000 after buying an additional 936 shares during the period. Finally, ICA Group Wealth Management LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 651.0% in the second quarter. ICA Group Wealth Management LLC now owns 85,424 shares of the company’s stock worth $2,148,000 after buying an additional 74,049 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Up 0.1 %

NASDAQ VRIG opened at $25.08 on Monday. The stock’s 50-day moving average price is $25.11 and its 200-day moving average price is $25.13. Invesco Variable Rate Investment Grade ETF has a 52 week low of $24.85 and a 52 week high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

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

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.