Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Strong Trading Volume – Here’s What Happened

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw strong trading volume on Friday . 304,464 shares changed hands during mid-day trading, an increase of 3% from the previous session’s volume of 294,496 shares.The stock last traded at $25.17 and had previously closed at $25.16.

Invesco Variable Rate Investment Grade ETF Stock Performance

The business has a 50 day moving average price of $25.12 and a two-hundred day moving average price of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date was Monday, October 21st.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

A number of institutional investors have recently bought and sold shares of VRIG. LPL Financial LLC grew its holdings in Invesco Variable Rate Investment Grade ETF by 22.5% in the second quarter. LPL Financial LLC now owns 2,698,211 shares of the company’s stock worth $67,833,000 after purchasing an additional 495,070 shares during the period. Fiduciary Planning LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 2.8% during the third quarter. Fiduciary Planning LLC now owns 1,027,787 shares of the company’s stock valued at $25,782,000 after purchasing an additional 28,469 shares in the last quarter. HighTower Advisors LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 12.4% in the 3rd quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock worth $14,576,000 after acquiring an additional 63,859 shares in the last quarter. Cherry Creek Investment Advisors Inc. lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 1.9% during the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 562,614 shares of the company’s stock valued at $14,113,000 after buying an additional 10,442 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Invesco Variable Rate Investment Grade ETF by 31.5% during the second quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock worth $12,988,000 after purchasing an additional 123,707 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.