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

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw unusually-high trading volume on Tuesday . Approximately 1,416,389 shares traded 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 stock 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 firm also recently declared a monthly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 19th were paid a dividend of $0.126 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date was Monday, August 19th.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of institutional investors and hedge funds have recently modified their holdings of VRIG. Holderness Investments Co. increased its holdings in Invesco Variable Rate Investment Grade ETF by 1.7% during the 2nd quarter. Holderness Investments Co. now owns 55,836 shares of the company’s stock worth $1,404,000 after purchasing an additional 936 shares during the period. Arkadios Wealth Advisors increased its holdings in Invesco Variable Rate Investment Grade ETF by 4.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 24,977 shares of the company’s stock worth $628,000 after purchasing an additional 1,155 shares during the period. Vima LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter worth $30,000. Oppenheimer & Co. Inc. increased its holdings in Invesco Variable Rate Investment Grade ETF by 11.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 19,000 shares of the company’s stock worth $477,000 after purchasing an additional 2,000 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 47.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,650 shares of the company’s stock worth $216,000 after purchasing an additional 2,800 shares during the period.

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.