Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Large Volume Increase

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw unusually-high trading volume on Wednesday . Approximately 163,886 shares were traded during trading, a decline of 44% from the previous session’s volume of 293,155 shares.The stock last traded at $25.15 and had previously closed at $25.14.

Invesco Variable Rate Investment Grade ETF Stock Performance

The business has a 50 day moving average of $25.10 and a 200-day moving average of $25.02.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were given a dividend of $0.1304 per share. This represents a $1.57 annualized dividend and a dividend yield of 6.22%. The ex-dividend date was Monday, March 18th.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Large investors have recently modified their holdings of the company. Fortis Capital Advisors LLC bought a new stake in Invesco Variable Rate Investment Grade ETF during the 4th quarter worth approximately $27,000. UBS Group AG bought a new position in shares of Invesco Variable Rate Investment Grade ETF in the second quarter worth $28,000. Vima LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter worth $30,000. Belpointe Asset Management LLC boosted its stake in Invesco Variable Rate Investment Grade ETF by 42.6% during the first quarter. Belpointe Asset Management LLC now owns 1,561 shares of the company’s stock valued at $39,000 after buying an additional 466 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in Invesco Variable Rate Investment Grade ETF by 96.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,453 shares of the company’s stock worth $61,000 after buying an additional 1,203 shares in 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.