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

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw unusually-high trading volume on Thursday . Approximately 4,746,063 shares were traded during trading, an increase of 1,238% from the previous session’s volume of 354,730 shares.The stock last traded at $25.12 and had previously closed at $25.10.

Invesco Variable Rate Investment Grade ETF Stock Performance

The business’s 50-day simple moving average is $25.11 and its 200 day simple moving average is $25.04.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 26th. Stockholders of record on Tuesday, April 23rd were paid a $0.1341 dividend. The ex-dividend date was Monday, April 22nd. This represents a $1.61 annualized dividend and a dividend yield of 6.41%.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Hedge funds have recently made changes to their positions in the business. Arkadios Wealth Advisors increased its position in shares of Invesco Variable Rate Investment Grade ETF by 2.1% in the fourth quarter. Arkadios Wealth Advisors now owns 22,484 shares of the company’s stock worth $562,000 after acquiring an additional 462 shares in the last quarter. TAP Consulting LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 1.2% in the fourth quarter. TAP Consulting LLC now owns 42,952 shares of the company’s stock worth $1,073,000 after acquiring an additional 521 shares in the last quarter. Capital Analysts LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 1.0% in the fourth quarter. Capital Analysts LLC now owns 100,057 shares of the company’s stock worth $2,500,000 after acquiring an additional 1,028 shares in the last quarter. Vima LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter worth approximately $30,000. Finally, KMG Fiduciary Partners LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 1.2% in the third quarter. KMG Fiduciary Partners LLC now owns 102,262 shares of the company’s stock worth $2,551,000 after acquiring an additional 1,241 shares in the last quarter.

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.