Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Declares $0.09 Dividend

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) declared a dividend on Monday, July 20th, NASDAQ Dividends reports. Shareholders of record on Monday, July 20th will be given a dividend of 0.0922 per share on Friday, July 24th. The ex-dividend date is Monday, July 20th.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of NASDAQ:VRIG traded down $0.08 during midday trading on Monday, hitting $25.05. 539,203 shares of the stock traded hands, compared to its average volume of 483,632. The business’s 50 day moving average is $25.08 and its two-hundred day moving average is $25.09. Invesco Variable Rate Investment Grade ETF has a one year low of $25.00 and a one year high of $25.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VRIG. Sound Income Strategies LLC grew its position in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% in the 1st quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock worth $35,000 after buying an additional 1,411 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at approximately $35,000. CoreCap Advisors LLC raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 64.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock valued at $46,000 after acquiring an additional 718 shares in the last quarter. Evolution Wealth Management Inc. purchased a new stake in Invesco Variable Rate Investment Grade ETF in the first quarter worth $49,000. Finally, Harbor Asset Planning Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF in the first quarter valued at $80,000.

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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.