Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Strong Trading Volume

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) shares saw unusually-high trading volume on Tuesday . Approximately 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 Trading Down 0.0 %

The business has a fifty day moving average of $25.13 and a 200 day moving average of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 19th were issued a dividend of $0.126 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.51 dividend on an annualized basis and a yield of 6.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VRIG. Vima LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth approximately $30,000. Advisors Asset Management Inc. boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 168.3% in the 1st quarter. Advisors Asset Management Inc. now owns 6,461 shares of the company’s stock valued at $162,000 after buying an additional 4,053 shares in the last quarter. Calton & Associates Inc. purchased a new position in shares of Invesco Variable Rate Investment Grade ETF in the 1st quarter valued at $202,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the 1st quarter worth $215,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 47.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,650 shares of the company’s stock valued at $216,000 after acquiring an additional 2,800 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.