Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Unusually-High Trading Volume – Should You Buy?

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw an uptick in trading volume on Monday . 5,696,305 shares changed hands during mid-day trading, an increase of 1,245% from the previous session’s volume of 423,379 shares.The stock last traded at $25.08 and had previously closed at $25.06.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0%

The stock’s fifty day moving average is $25.07 and its two-hundred day moving average is $25.09.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.0919 dividend. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

A number of hedge funds and other institutional investors have recently modified their holdings of VRIG. Jane Street Group LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 1st quarter valued at approximately $1,235,000. JPMorgan Chase & Co. increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 64.1% in the second quarter. JPMorgan Chase & Co. now owns 37,912 shares of the company’s stock worth $950,000 after buying an additional 14,805 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 4.8% in the second quarter. First Trust Advisors LP now owns 117,855 shares of the company’s stock worth $2,952,000 after buying an additional 5,351 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 6.4% in the second quarter. NewEdge Advisors LLC now owns 27,320 shares of the company’s stock valued at $684,000 after acquiring an additional 1,641 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Invesco Variable Rate Investment Grade ETF by 26.3% in the second quarter. Raymond James Financial Inc. now owns 385,708 shares of the company’s stock valued at $9,662,000 after acquiring an additional 80,277 shares in the last quarter.

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.