Kovack Advisors Inc. Sells 932 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Kovack Advisors Inc. cut its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 0.6% during the 4th quarter, Holdings Channel reports. The fund owned 154,116 shares of the company’s stock after selling 932 shares during the period. Kovack Advisors Inc.’s holdings in Invesco Variable Rate Investment Grade ETF were worth $3,851,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Money Concepts Capital Corp acquired a new position in Invesco Variable Rate Investment Grade ETF during the third quarter worth $236,000. Lido Advisors LLC acquired a new position in Invesco Variable Rate Investment Grade ETF during the third quarter worth $240,000. Accurate Wealth Management LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 18.1% during the fourth quarter. Accurate Wealth Management LLC now owns 10,268 shares of the company’s stock worth $258,000 after buying an additional 1,574 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF during the third quarter worth $262,000. Finally, WealthPlan Investment Management LLC acquired a new position in Invesco Variable Rate Investment Grade ETF during the third quarter worth $286,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG traded up $0.01 during trading on Friday, hitting $25.09. 261,900 shares of the company’s stock were exchanged, compared to its average volume of 307,617. The business’s 50 day moving average is $25.11 and its two-hundred day moving average is $25.04. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.78 and a fifty-two week high of $25.20.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, April 26th. Stockholders of record on Tuesday, April 23rd will be issued a $0.1341 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.61 annualized dividend and a dividend yield of 6.41%.

About Invesco Variable Rate Investment Grade ETF

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.