Mainstay Capital Management LLC ADV Has $1.12 Million Stock Holdings in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Mainstay Capital Management LLC ADV lessened its holdings in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 59.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 44,761 shares of the company’s stock after selling 64,368 shares during the period. Mainstay Capital Management LLC ADV owned approximately 0.09% of Invesco Variable Rate Investment Grade ETF worth $1,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at about $100,000. Concorde Asset Management LLC bought a new position in Invesco Variable Rate Investment Grade ETF during the third quarter valued at about $202,000. Truist Financial Corp bought a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at about $208,000. Kingswood Wealth Advisors LLC bought a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at about $241,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at about $292,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of VRIG opened at $25.18 on Monday. Invesco Variable Rate Investment Grade ETF has a 12-month low of $25.03 and a 12-month high of $25.24. The stock’s 50-day moving average price is $25.13 and its 200 day moving average price is $25.12.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 21st were paid a dividend of $0.1141 per share. The ex-dividend date was Tuesday, January 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.