Oppenheimer & Co. Inc. Has $1.02 Million Stock Position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Oppenheimer & Co. Inc. raised its position in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 35.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,600 shares of the company’s stock after acquiring an additional 10,600 shares during the period. Oppenheimer & Co. Inc.’s holdings in Invesco Variable Rate Investment Grade ETF were worth $1,020,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VRIG. Bank of New York Mellon Corp raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 19.9% in the 4th quarter. Bank of New York Mellon Corp now owns 393,752 shares of the company’s stock worth $9,889,000 after buying an additional 65,230 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth approximately $455,000. Private Advisor Group LLC raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 42.3% in the 4th quarter. Private Advisor Group LLC now owns 230,869 shares of the company’s stock worth $5,798,000 after buying an additional 68,604 shares in the last quarter. Truist Financial Corp bought a new stake in Invesco Variable Rate Investment Grade ETF during the 4th quarter worth approximately $208,000. Finally, Hickory Asset Management Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF during the 4th quarter worth approximately $1,055,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ VRIG opened at $25.12 on Wednesday. Invesco Variable Rate Investment Grade ETF has a one year low of $25.03 and a one year high of $25.24. The stock’s 50 day simple moving average is $25.13 and its 200 day simple moving average is $25.12.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were given a $0.1041 dividend. The ex-dividend date was Monday, February 24th.

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.