Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Unusually-High Trading Volume – What’s Next?

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw an uptick in trading volume on Friday . Approximately 806,984 shares changed hands during mid-day trading, an increase of 70% from the previous session’s volume of 473,674 shares.The stock last traded at $25.0750 and had previously closed at $25.08.

Invesco Variable Rate Investment Grade ETF Price Performance

The company has a 50-day moving average price of $25.08 and a 200 day moving average price of $25.08.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a dividend of $0.0912 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, August 24th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its holdings 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 acquiring an additional 2,790,286 shares in the last quarter. Bank of New York Mellon Corp increased its position in Invesco Variable Rate Investment Grade ETF by 79.6% in the first quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock worth $44,611,000 after purchasing an additional 789,612 shares during the last quarter. Auour Investments LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF during the first quarter valued at $7,360,000. Morgan Stanley lifted its position in Invesco Variable Rate Investment Grade ETF by 10.0% during the fourth quarter. Morgan Stanley now owns 2,246,537 shares of the company’s stock valued at $56,388,000 after purchasing an additional 205,031 shares during the last quarter. Finally, Harfst & Associates Inc. lifted its position in Invesco Variable Rate Investment Grade ETF by 140.2% during the fourth quarter. Harfst & Associates Inc. now owns 344,096 shares of the company’s stock valued at $8,637,000 after purchasing an additional 200,845 shares during 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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.