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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw strong trading volume on Thursday . 4,746,063 shares were traded during mid-day trading, an increase of 1,238% from the previous session’s volume of 354,730 shares.The stock last traded at $25.12 and had previously closed at $25.10.

Invesco Variable Rate Investment Grade ETF Stock Performance

The firm’s fifty day moving average is $25.11 and its two-hundred day moving average is $25.04.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 26th. Stockholders of record on Tuesday, April 23rd were paid a $0.1341 dividend. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.61 dividend on an annualized basis and a dividend yield of 6.41%.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Several large investors have recently made changes to their positions in the business. Vima LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth approximately $30,000. NBC Securities Inc. purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at $80,000. Calton & Associates Inc. bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the 1st quarter worth $202,000. Steward Partners Investment Advisory LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 47.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,650 shares of the company’s stock worth $216,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Money Concepts Capital Corp bought a new stake in Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at about $236,000.

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.