Concourse Financial Group Securities Inc. Sells 11,741 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Concourse Financial Group Securities Inc. lowered its stake in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 11.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 89,560 shares of the company’s stock after selling 11,741 shares during the period. Concourse Financial Group Securities Inc.’s holdings in Invesco Variable Rate Investment Grade ETF were worth $2,238,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Money Concepts Capital Corp purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 3rd quarter worth approximately $236,000. Lido Advisors LLC bought a new position in Invesco Variable Rate Investment Grade ETF in the third quarter worth $240,000. Accurate Wealth Management LLC lifted its position 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 valued at $258,000 after buying an additional 1,574 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at $262,000. Finally, WealthPlan Investment Management LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 3rd quarter worth about $286,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG remained flat at $25.16 during midday trading on Thursday. 147,971 shares of the company’s stock were exchanged, compared to its average volume of 347,519. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.82 and a twelve month high of $25.20. The company’s 50-day simple moving average is $25.12 and its 200-day simple moving average is $25.04.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 23rd were paid a $0.1341 dividend. The ex-dividend date was Monday, April 22nd. This represents a $1.61 annualized dividend and a dividend yield of 6.40%.

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.