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

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw strong trading volume on Tuesday . 1,290,156 shares traded hands during trading, an increase of 167% from the previous session’s volume of 482,637 shares.The stock last traded at $25.11 and had previously closed at $25.10.

Invesco Variable Rate Investment Grade ETF Price Performance

The business has a 50-day simple moving average of $25.08 and a two-hundred day simple moving average of $25.09.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.0919 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, June 22nd.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 26.5% in the fourth quarter. Invesco Ltd. now owns 13,338,402 shares of the company’s stock worth $334,794,000 after buying an additional 2,790,286 shares during the last quarter. Morgan Stanley raised its holdings in Invesco Variable Rate Investment Grade ETF by 10.0% in the 4th quarter. Morgan Stanley now owns 2,246,537 shares of the company’s stock worth $56,388,000 after acquiring an additional 205,031 shares during the period. Bank of New York Mellon Corp raised its holdings in Invesco Variable Rate Investment Grade ETF by 79.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock worth $44,611,000 after acquiring an additional 789,612 shares during the period. Osaic Holdings Inc. lifted its position in Invesco Variable Rate Investment Grade ETF by 5.6% during the 4th quarter. Osaic Holdings Inc. now owns 1,085,090 shares of the company’s stock worth $27,237,000 after acquiring an additional 58,015 shares during the last quarter. Finally, Fiduciary Planning LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 1.4% during the 4th quarter. Fiduciary Planning LLC now owns 977,936 shares of the company’s stock worth $24,546,000 after acquiring an additional 13,816 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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.