Beaumont Financial Advisors LLC Buys 78,184 Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)

Beaumont Financial Advisors LLC raised its position in shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) by 22.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 424,777 shares of the company’s stock after purchasing an additional 78,184 shares during the period. Beaumont Financial Advisors LLC owned about 0.94% of Invesco Variable Rate Investment Grade ETF worth $10,668,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates boosted its position in Invesco Variable Rate Investment Grade ETF by 90.2% during the 3rd quarter. Raymond James & Associates now owns 160,470 shares of the company’s stock valued at $4,025,000 after acquiring an additional 76,086 shares in the last quarter. HighTower Advisors LLC grew its holdings in Invesco Variable Rate Investment Grade ETF by 12.4% in the third quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock worth $14,576,000 after purchasing an additional 63,859 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 31.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock worth $12,988,000 after purchasing an additional 123,707 shares in the last quarter. Resurgent Financial Advisors LLC grew its stake in Invesco Variable Rate Investment Grade ETF by 2.6% during the 3rd quarter. Resurgent Financial Advisors LLC now owns 21,192 shares of the company’s stock worth $532,000 after buying an additional 534 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in Invesco Variable Rate Investment Grade ETF in the third quarter valued at about $1,639,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG opened at $25.08 on Wednesday. The firm’s 50-day moving average price is $25.13 and its 200-day moving average price is $25.13. Invesco Variable Rate Investment Grade ETF has a 52-week low of $25.00 and a 52-week high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, January 21st will be paid a dividend of $0.1141 per share. The ex-dividend date is Tuesday, January 21st.

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.