Courier Capital LLC Has $12.03 Million Stock Holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Courier Capital LLC lowered its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 20.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 478,788 shares of the company’s stock after selling 124,087 shares during the period. Invesco Variable Rate Investment Grade ETF comprises about 0.8% of Courier Capital LLC’s portfolio, making the stock its 24th biggest holding. Courier Capital LLC owned about 1.06% of Invesco Variable Rate Investment Grade ETF worth $12,025,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Goldstone Financial Group LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at $10,015,000. Total Clarity Wealth Management Inc. grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 102.2% during the second quarter. Total Clarity Wealth Management Inc. now owns 483,064 shares of the company’s stock worth $12,144,000 after purchasing an additional 244,202 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 31.5% in the second quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock valued at $12,988,000 after buying an additional 123,707 shares during the period. Raymond James & Associates raised its holdings in Invesco Variable Rate Investment Grade ETF by 90.2% in the 3rd quarter. Raymond James & Associates now owns 160,470 shares of the company’s stock valued at $4,025,000 after buying an additional 76,086 shares during the last quarter. Finally, ICA Group Wealth Management LLC boosted its position in Invesco Variable Rate Investment Grade ETF by 651.0% during the 2nd 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 Price Performance

Shares of Invesco Variable Rate Investment Grade ETF stock remained flat at $25.16 during trading on Monday. 499,718 shares of the company traded hands, compared to its average volume of 699,474. The firm’s 50 day moving average is $25.13 and its 200-day moving average is $25.12. Invesco Variable Rate Investment Grade ETF has a one year low of $25.00 and a one year high of $25.24.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.1325 per share. The ex-dividend date was Monday, December 23rd. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous dividend of $0.12.

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.