Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Strong Trading Volume – Should You Buy?

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw unusually-high trading volume on Friday . Approximately 2,860,540 shares changed hands during mid-day 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 Stock Performance

The stock has a 50 day moving average price of $25.13 and a 200-day moving average price of $25.12.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.1325 per share. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Resurgent Financial Advisors LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 2.6% during the third quarter. Resurgent Financial Advisors LLC now owns 21,192 shares of the company’s stock valued at $532,000 after buying an additional 534 shares during the period. Trademark Financial Management LLC boosted its position in Invesco Variable Rate Investment Grade ETF by 3.8% during the 3rd quarter. Trademark Financial Management LLC now owns 21,745 shares of the company’s stock valued at $545,000 after acquiring an additional 786 shares in the last quarter. Holderness Investments Co. grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 1.7% during the 2nd quarter. Holderness Investments Co. now owns 55,836 shares of the company’s stock worth $1,404,000 after acquiring an additional 936 shares during the period. NBC Securities Inc. raised its position in shares of Invesco Variable Rate Investment Grade ETF by 34.7% in the 3rd quarter. NBC Securities Inc. now owns 5,181 shares of the company’s stock worth $129,000 after acquiring an additional 1,335 shares in the last quarter. Finally, Sunflower Bank N.A. lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 0.3% in the 3rd quarter. Sunflower Bank N.A. now owns 515,241 shares of the company’s stock valued at $12,925,000 after purchasing an additional 1,339 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.