Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Strong Trading Volume – What’s Next?

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw an uptick in trading volume on Friday . 806,984 shares changed hands during trading, an increase of 70% from the previous session’s volume of 473,674 shares.The stock last traded at $25.0750 and had previously closed at $25.08.

Invesco Variable Rate Investment Grade ETF Price Performance

The stock’s 50-day moving average is $25.08 and its two-hundred day moving average is $25.08.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a dividend of $0.0912 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Several hedge funds and other institutional investors have recently modified their holdings of VRIG. PNC Financial Services Group Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at $35,000. Sound Income Strategies LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% during the first 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 during the last quarter. Evolution Wealth Management Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the first quarter worth $49,000. Harbor Asset Planning Inc. purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the first quarter valued at $80,000. Finally, NorthLanding Financial Partners LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the second quarter valued at $131,000.

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.