Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Large Volume Increase – Here’s What Happened

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) shares saw strong trading volume on Tuesday . 473,523 shares were traded during mid-day trading, an increase of 13% from the previous session’s volume of 419,748 shares.The stock last traded at $25.0950 and had previously closed at $25.11.

Invesco Variable Rate Investment Grade ETF Stock Performance

The company has a 50 day moving average price of $25.12 and a two-hundred day moving average price of $25.11.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.0968 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, February 23rd.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its holdings in Invesco Variable Rate Investment Grade ETF by 34.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 348,301 shares of the company’s stock valued at $8,742,000 after purchasing an additional 89,330 shares in the last quarter. Blue Capital Inc. purchased a new stake in Invesco Variable Rate Investment Grade ETF in the 2nd quarter valued at $2,938,000. CreativeOne Wealth LLC increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 143.8% in the 2nd quarter. CreativeOne Wealth LLC now owns 67,246 shares of the company’s stock worth $1,685,000 after acquiring an additional 39,666 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 2nd quarter worth $465,000. Finally, Truist Financial Corp raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 135.2% during the 3rd quarter. Truist Financial Corp now owns 138,266 shares of the company’s stock worth $3,470,000 after acquiring an additional 79,490 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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.