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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) shares saw an uptick in trading volume on Tuesday . 473,523 shares were traded during trading, an increase of 13% from the previous session’s volume of 419,748 shares.The stock last traded at $25.0950 and had previously closed at $25.11.

Invesco Variable Rate Investment Grade ETF Stock Down 0.0%

The business has a fifty day moving average of $25.12 and a two-hundred day moving average of $25.11.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.0968 per share. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, February 23rd.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Capital Inc. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 2.8% during the fourth quarter. Blue Capital Inc. now owns 123,613 shares of the company’s stock valued at $3,103,000 after purchasing an additional 3,344 shares in the last quarter. Invesco Ltd. raised its position in shares of Invesco Variable Rate Investment Grade ETF by 26.5% during the 4th quarter. Invesco Ltd. now owns 13,338,402 shares of the company’s stock worth $334,794,000 after purchasing an additional 2,790,286 shares during the last quarter. Ameriflex Group Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at about $370,000. Vista Investment Management lifted its stake in Invesco Variable Rate Investment Grade ETF by 10.8% in the 4th quarter. Vista Investment Management now owns 131,235 shares of the company’s stock valued at $3,294,000 after buying an additional 12,823 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in Invesco Variable Rate Investment Grade ETF by 1.5% in the 4th quarter. IHT Wealth Management LLC now owns 58,190 shares of the company’s stock worth $1,461,000 after buying an additional 874 shares during 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.