Concurrent Investment Advisors LLC Invests $455,000 in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Concurrent Investment Advisors LLC acquired a new position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,133 shares of the company’s stock, valued at approximately $455,000.

Several other large investors also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 2.6% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 21,192 shares of the company’s stock worth $532,000 after acquiring an additional 534 shares during the last quarter. Trademark Financial Management LLC grew its holdings in Invesco Variable Rate Investment Grade ETF by 3.8% during the 3rd quarter. Trademark Financial Management LLC now owns 21,745 shares of the company’s stock valued at $545,000 after buying an additional 786 shares in the last quarter. Kovack Advisors Inc. grew its holdings in Invesco Variable Rate Investment Grade ETF by 1.3% during the 3rd quarter. Kovack Advisors Inc. now owns 155,960 shares of the company’s stock valued at $3,912,000 after buying an additional 2,000 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in Invesco Variable Rate Investment Grade ETF by 6.1% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 40,731 shares of the company’s stock valued at $1,022,000 after buying an additional 2,336 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at about $100,000.

Invesco Variable Rate Investment Grade ETF Stock Down 0.4 %

VRIG stock opened at $25.08 on Tuesday. Invesco Variable Rate Investment Grade ETF has a twelve month low of $25.03 and a twelve month high of $25.24. The stock has a 50-day simple moving average of $25.13 and a two-hundred day simple moving average of $25.12.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.1041 per share. The ex-dividend date of this dividend is Monday, February 24th.

Invesco Variable Rate Investment Grade ETF Company 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.