Sigma Planning Corp Trims Holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Sigma Planning Corp reduced its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 52.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,863 shares of the company’s stock after selling 26,626 shares during the quarter. Sigma Planning Corp owned 0.06% of Invesco Variable Rate Investment Grade ETF worth $599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VRIG. Trademark Financial Management LLC raised its position in shares of 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 acquiring an additional 786 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at approximately $375,000. Goldstone Financial Group LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at approximately $10,015,000. Lunt Capital Management Inc. raised its position in shares of Invesco Variable Rate Investment Grade ETF by 2.9% during the 3rd quarter. Lunt Capital Management Inc. now owns 437,396 shares of the company’s stock valued at $10,972,000 after acquiring an additional 12,386 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of 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 acquiring an additional 2,336 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

VRIG stock opened at $25.17 on Friday. Invesco Variable Rate Investment Grade ETF has a 12-month low of $24.85 and a 12-month high of $25.24. The stock’s 50 day simple moving average is $25.12 and its 200 day simple moving average is $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend was Monday, October 21st.

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.