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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) shares saw unusually-strong trading volume on Wednesday . Approximately 719,663 shares changed hands during trading, an increase of 121% from the previous session’s volume of 325,140 shares.The stock last traded at $25.07 and had previously closed at $25.06.

Invesco Variable Rate Investment Grade ETF Price Performance

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

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.0986 per share. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 28.7% in the fourth quarter. LPL Financial LLC now owns 3,288,316 shares of the company’s stock valued at $82,586,000 after purchasing an additional 732,516 shares during the last quarter. Lunt Capital Management Inc. grew its position in Invesco Variable Rate Investment Grade ETF by 93.9% during the fourth quarter. Lunt Capital Management Inc. now owns 847,989 shares of the company’s stock worth $21,297,000 after buying an additional 410,593 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF in the 4th quarter worth approximately $5,525,000. Blue Capital Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth $3,032,000. Finally, Uniting Wealth Partners LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at about $2,925,000.

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.