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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) shares saw unusually-high trading volume on Wednesday . Approximately 592,892 shares changed hands during trading, an increase of 34% from the previous session’s volume of 441,995 shares.The stock last traded at $25.07 and had previously closed at $25.07.

Invesco Variable Rate Investment Grade ETF Stock Performance

The company has a 50 day simple moving average of $25.11 and a 200-day simple moving average of $25.11.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.0931 per share. The ex-dividend date was Monday, March 23rd. This represents a c) annualized dividend and a yield of 4.5%.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Several institutional investors have recently made changes to their positions in the stock. Invesco Ltd. grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 26.5% during the fourth quarter. Invesco Ltd. now owns 13,338,402 shares of the company’s stock valued at $334,794,000 after purchasing an additional 2,790,286 shares during the last quarter. Morgan Stanley grew its holdings in shares of 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. Osaic Holdings Inc. grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 59.8% during the second quarter. Osaic Holdings Inc. now owns 1,625,306 shares of the company’s stock valued at $40,733,000 after purchasing an additional 608,429 shares during the last quarter. Fiduciary Planning LLC grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 1.4% during the fourth quarter. Fiduciary Planning LLC now owns 977,936 shares of the company’s stock valued at $24,546,000 after purchasing an additional 13,816 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 5.1% during the fourth quarter. Stifel Financial Corp now owns 842,362 shares of the company’s stock valued at $21,143,000 after purchasing an additional 40,954 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.