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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) shares saw strong trading volume on Tuesday . 1,290,156 shares were traded during trading, an increase of 167% from the previous session’s volume of 482,637 shares.The stock last traded at $25.11 and had previously closed at $25.10.

Invesco Variable Rate Investment Grade ETF Stock Up 0.0%

The stock has a fifty day simple moving average of $25.08 and a 200-day simple moving average of $25.09.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.0919 dividend. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, June 22nd.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC raised its stake in Invesco Variable Rate Investment Grade ETF by 5.1% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 536,030 shares of the company’s stock valued at $13,438,000 after purchasing an additional 26,109 shares during the last quarter. Centurion Wealth Management LLC grew its position in Invesco Variable Rate Investment Grade ETF by 0.6% in the 2nd quarter. Centurion Wealth Management LLC now owns 86,304 shares of the company’s stock worth $2,164,000 after purchasing an additional 522 shares during the last quarter. Adamsbrown Wealth Consultants LLC increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 26.4% during the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 105,998 shares of the company’s stock worth $2,657,000 after purchasing an additional 22,117 shares during the period. Worth Asset Management LLC increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 68.8% during the 2nd quarter. Worth Asset Management LLC now owns 154,229 shares of the company’s stock worth $3,867,000 after purchasing an additional 62,872 shares during the period. Finally, Thayer Financial L.L.C. raised its position in shares of Invesco Variable Rate Investment Grade ETF by 7.0% during the second quarter. Thayer Financial L.L.C. now owns 191,503 shares of the company’s stock valued at $4,801,000 after buying an additional 12,483 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.