Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Unusually-High Trading Volume – Should You Buy?

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw an uptick in trading volume on Friday . 2,860,540 shares traded hands during trading, an increase of 960% from the previous session’s volume of 269,960 shares.The stock last traded at $25.16 and had previously closed at $25.14.

Invesco Variable Rate Investment Grade ETF Stock Performance

The company has a 50 day simple moving average of $25.13 and a two-hundred day simple moving average of $25.12.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.1325 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous dividend of $0.12.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. NBC Securities Inc. boosted its position in Invesco Variable Rate Investment Grade ETF by 34.7% in the 3rd quarter. NBC Securities Inc. now owns 5,181 shares of the company’s stock worth $129,000 after purchasing an additional 1,335 shares in the last quarter. Concorde Asset Management LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at $202,000. Inspire Advisors LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the second quarter valued at $287,000. Farther Finance Advisors LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the third quarter valued at $375,000. Finally, Advisors Asset Management Inc. increased its holdings in Invesco Variable Rate Investment Grade ETF by 57.2% in the third quarter. Advisors Asset Management Inc. now owns 19,099 shares of the company’s stock valued at $479,000 after buying an additional 6,948 shares in the last quarter.

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.