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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) shares saw strong trading volume on Tuesday . 473,523 shares changed hands during trading, an increase of 13% from the previous session’s volume of 419,748 shares.The stock last traded at $25.0950 and had previously closed at $25.11.

Invesco Variable Rate Investment Grade ETF Stock Down 0.0%

The stock’s 50 day moving average price is $25.12 and its two-hundred day moving average price is $25.11.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were given a dividend of $0.0968 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, February 23rd.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

A number of hedge funds have recently modified their holdings of VRIG. PNC Financial Services Group Inc. purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at approximately $35,000. CoreCap Advisors LLC grew its position in Invesco Variable Rate Investment Grade ETF by 64.9% during 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 during the period. Aptus Capital Advisors LLC grew its position in Invesco Variable Rate Investment Grade ETF by 161.7% during the third quarter. Aptus Capital Advisors LLC now owns 6,101 shares of the company’s stock valued at $153,000 after buying an additional 3,770 shares during the period. Private Trust Co. NA increased its holdings in Invesco Variable Rate Investment Grade ETF by 155.5% in the third quarter. Private Trust Co. NA now owns 6,285 shares of the company’s stock valued at $158,000 after buying an additional 3,825 shares in the last quarter. Finally, Traub Capital Management LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the second quarter worth about $197,000.

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.