Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Unusually-High Trading Volume

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) shares saw an uptick in trading volume on Tuesday . 1,416,389 shares changed hands during trading, an increase of 356% from the previous session’s volume of 310,273 shares.The stock last traded at $25.18 and had previously closed at $25.17.

Invesco Variable Rate Investment Grade ETF Stock Performance

The stock has a 50 day simple moving average of $25.13 and a two-hundred day simple moving average of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 19th were given a dividend of $0.126 per share. This represents a $1.51 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend was Monday, August 19th.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRIG. Assetmark Inc. acquired a new stake in Invesco Variable Rate Investment Grade ETF in the 4th quarter worth about $47,574,000. Guardian Wealth Advisors LLC NC increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 5.7% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 76,043 shares of the company’s stock worth $1,900,000 after buying an additional 4,082 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth $329,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth about $408,000. Finally, Hanlon Investment Management Inc. purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at approximately $297,000.

Invesco Variable Rate Investment Grade ETF Company 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.