Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Large Volume Increase – Here’s Why

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw unusually-high trading volume on Tuesday . Approximately 781,851 shares traded hands during trading, an increase of 141% from the previous session’s volume of 324,671 shares.The stock last traded at $25.12 and had previously closed at $25.12.

Invesco Variable Rate Investment Grade ETF Stock Performance

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

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were paid a dividend of $0.1041 per share. The ex-dividend date was Monday, February 24th.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of hedge funds have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth $240,000. Richmond Investment Services LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at about $309,000. Mpwm Advisory Solutions LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at about $87,000. Redwood Financial Network Corp purchased a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at about $707,000. Finally, Guardian Wealth Advisors LLC NC raised its stake in Invesco Variable Rate Investment Grade ETF by 6.8% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 92,137 shares of the company’s stock valued at $2,314,000 after buying an additional 5,879 shares during the last quarter.

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.