Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Unusually-High Trading Volume – What’s Next?

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw unusually-high trading volume on Tuesday . Approximately 3,513,216 shares changed hands during trading, an increase of 993% from the previous session’s volume of 321,466 shares.The stock last traded at $25.14 and had previously closed at $25.14.

Invesco Variable Rate Investment Grade ETF Trading Down 0.0 %

The company has a 50-day moving average of $25.13 and a 200-day moving average of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

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

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Several hedge funds have recently made changes to their positions in VRIG. Oppenheimer & Co. Inc. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 15.4% in the third quarter. Oppenheimer & Co. Inc. now owns 30,000 shares of the company’s stock valued at $753,000 after buying an additional 4,000 shares during the period. Advisors Asset Management Inc. increased its stake in Invesco Variable Rate Investment Grade ETF by 57.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 19,099 shares of the company’s stock worth $479,000 after acquiring an additional 6,948 shares during the last quarter. Concorde Asset Management LLC bought a new position in Invesco Variable Rate Investment Grade ETF in the 3rd quarter worth about $202,000. Benjamin Edwards Inc. bought a new position in Invesco Variable Rate Investment Grade ETF in the 3rd quarter worth about $1,639,000. Finally, HighTower Advisors LLC increased its stake in Invesco Variable Rate Investment Grade ETF by 12.4% in the 3rd quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock worth $14,576,000 after acquiring an additional 63,859 shares during 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.