Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw unusually-strong trading volume on Tuesday . Approximately 3,513,216 shares were traded during mid-day trading, an increase of 993% from the previous session’s volume of 321,466 shares.The stock last traded at $25.14 and had previously closed at $25.14.

Invesco Variable Rate Investment Grade ETF Stock Down 0.0 %

The business has a fifty day moving average price of $25.13 and a 200-day moving average price of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were issued a $0.1041 dividend. The ex-dividend date was Monday, February 24th.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC boosted its holdings in Invesco Variable Rate Investment Grade ETF by 28.7% during the 4th quarter. LPL Financial LLC now owns 3,288,316 shares of the company’s stock valued at $82,586,000 after acquiring an additional 732,516 shares during the period. Lunt Capital Management Inc. boosted its holdings in Invesco Variable Rate Investment Grade ETF by 93.9% during the 4th quarter. Lunt Capital Management Inc. now owns 847,989 shares of the company’s stock valued at $21,297,000 after acquiring an additional 410,593 shares during the period. Raymond James Financial Inc. purchased a new stake in Invesco Variable Rate Investment Grade ETF in the 4th quarter worth approximately $5,525,000. Blue Capital Inc. bought a new position in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth approximately $3,032,000. Finally, Uniting Wealth Partners LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth approximately $2,925,000.

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.