Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Large Volume Increase

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw unusually-high trading volume on Monday . Approximately 205,859 shares traded hands during mid-day trading, a decline of 33% from the previous session’s volume of 306,512 shares.The stock last traded at $25.08 and had previously closed at $25.10.

Invesco Variable Rate Investment Grade ETF Price Performance

The business’s fifty day moving average is $25.15 and its 200 day moving average is $25.13.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 22nd were issued a dividend of $0.128 per share. This represents a $1.54 annualized dividend and a dividend yield of 6.11%. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Monday, July 22nd.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Hedge funds have recently bought and sold shares of the company. Vima LLC acquired a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at $30,000. NBC Securities Inc. purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter worth approximately $80,000. Advisors Asset Management Inc. boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 168.3% during the first quarter. Advisors Asset Management Inc. now owns 6,461 shares of the company’s stock worth $162,000 after purchasing an additional 4,053 shares during the period. Calton & Associates Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF during the first quarter valued at approximately $202,000. Finally, Prevail Innovative Wealth Advisors LLC acquired a new position in Invesco Variable Rate Investment Grade ETF in the 1st quarter valued at approximately $215,000.

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.