Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Hits New 52-Week Low – Here’s What Happened

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $25.05 and last traded at $25.06, with a volume of 23284 shares. The stock had previously closed at $25.16.

Invesco Variable Rate Investment Grade ETF Stock Performance

The company has a 50-day simple moving average of $25.13 and a two-hundred day simple moving average of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a dividend of $0.0986 per share. The ex-dividend date is Monday, March 24th.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Invesco Variable Rate Investment Grade ETF by 485.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,451 shares of the company’s stock worth $87,000 after buying an additional 2,862 shares during the period. Mpwm Advisory Solutions LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at approximately $87,000. Golden State Wealth Management LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth approximately $100,000. Tower Research Capital LLC TRC grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 6,365.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,465 shares of the company’s stock worth $162,000 after buying an additional 6,365 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at approximately $197,000.

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.