Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Strong Trading Volume – Time to Buy?

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) shares saw an uptick in trading volume on Wednesday . 2,862,022 shares were traded during trading, an increase of 560% from the previous session’s volume of 433,820 shares.The stock last traded at $25.0950 and had previously closed at $25.08.

Invesco Variable Rate Investment Grade ETF Price Performance

The company has a 50 day moving average of $25.10 and a 200 day moving average of $25.09.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 24th were given a dividend of $0.1042 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp raised its stake in Invesco Variable Rate Investment Grade ETF by 102.5% during the second quarter. Truist Financial Corp now owns 58,776 shares of the company’s stock valued at $1,472,000 after buying an additional 29,745 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the 2nd quarter worth approximately $225,000. Perigon Wealth Management LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 2nd quarter valued at approximately $969,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco Variable Rate Investment Grade ETF by 258.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,477 shares of the company’s stock valued at $112,000 after acquiring an additional 3,227 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Invesco Variable Rate Investment Grade ETF by 38.8% in the first quarter. Raymond James Financial Inc. now owns 305,431 shares of the company’s stock worth $7,660,000 after purchasing an additional 85,443 shares during the period.

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.