Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Large Volume Increase – Here’s Why

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) shares saw unusually-high trading volume on Monday . 5,696,305 shares traded hands during mid-day trading, an increase of 1,245% from the previous session’s volume of 423,379 shares.The stock last traded at $25.08 and had previously closed at $25.06.

Invesco Variable Rate Investment Grade ETF Stock Performance

The firm has a 50-day moving average price of $25.07 and a 200-day moving average price of $25.09.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.0919 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, June 22nd.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Several large investors have recently made changes to their positions in the business. Sound Income Strategies LLC raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% in the 1st quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock worth $35,000 after purchasing an additional 1,411 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth approximately $35,000. CoreCap Advisors LLC increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 64.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock valued at $46,000 after buying an additional 718 shares in the last quarter. Evolution Wealth Management Inc. bought a new position in shares of Invesco Variable Rate Investment Grade ETF in the first quarter valued at $49,000. Finally, Harbor Asset Planning Inc. bought a new position in shares of Invesco Variable Rate Investment Grade ETF in the first quarter valued at $80,000.

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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.