Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw an uptick in trading volume on Friday . 2,860,540 shares were traded during trading, an increase of 960% from the previous session’s volume of 269,960 shares.The stock last traded at $25.16 and had previously closed at $25.14.

Invesco Variable Rate Investment Grade ETF Price Performance

The stock’s 50-day moving average price is $25.13 and its two-hundred day moving average price is $25.12.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.1325 dividend. The ex-dividend date was Monday, December 23rd. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous dividend of $0.12.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VRIG. Raymond James & Associates grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 90.2% during the third quarter. Raymond James & Associates now owns 160,470 shares of the company’s stock valued at $4,025,000 after buying an additional 76,086 shares during the last quarter. Holderness Investments Co. increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 1.7% in 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 in the last quarter. HighTower Advisors LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 12.4% in the third quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock worth $14,576,000 after purchasing an additional 63,859 shares during the last quarter. ICA Group Wealth Management LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 651.0% in the second quarter. ICA Group Wealth Management LLC now owns 85,424 shares of the company’s stock worth $2,148,000 after purchasing an additional 74,049 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 31.5% during the second quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock valued at $12,988,000 after purchasing an additional 123,707 shares in 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.