Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Strong Trading Volume

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) shares saw unusually-high trading volume on Friday . Approximately 327,075 shares traded hands during mid-day trading, an increase of 6% from the previous session’s volume of 307,557 shares.The stock last traded at $25.14 and had previously closed at $25.12.

Invesco Variable Rate Investment Grade ETF Trading Up 0.1 %

The firm has a fifty day moving average price of $25.12 and a 200 day moving average price of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 19th were paid a dividend of $0.126 per share. This represents a $1.51 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date was Monday, August 19th.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in VRIG. Assetmark Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth approximately $47,574,000. Guardian Wealth Advisors LLC NC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 5.7% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 76,043 shares of the company’s stock worth $1,900,000 after purchasing an additional 4,082 shares during the last quarter. ICA Group Wealth Management LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at about $329,000. Envestnet Portfolio Solutions Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at about $408,000. Finally, Hanlon Investment Management Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth about $297,000.

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.