Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Hits New 12-Month Low – Should You Sell?

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $25.05 and last traded at $25.06, with a volume of 23284 shares. The stock had previously closed at $25.16.

Invesco Variable Rate Investment Grade ETF Price Performance

The business has a fifty day moving average price of $25.13 and a 200-day moving average price of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a dividend of $0.0986 per share. The ex-dividend date is Monday, March 24th.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Invesco Variable Rate Investment Grade ETF by 485.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,451 shares of the company’s stock worth $87,000 after purchasing an additional 2,862 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at about $87,000. Golden State Wealth Management LLC bought a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter worth approximately $100,000. Tower Research Capital LLC TRC increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 6,365.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,465 shares of the company’s stock worth $162,000 after buying an additional 6,365 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at about $197,000.

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.