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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) shares saw unusually-high trading volume on Monday . 5,696,305 shares traded hands during trading, an increase of 1,245% from the previous session’s volume of 423,379 shares.The stock last traded at $25.08 and had previously closed at $25.06.

Invesco Variable Rate Investment Grade ETF Trading Up 0.1%

The firm has a fifty day moving average price of $25.07 and a 200 day moving average price of $25.09.

Invesco Variable Rate Investment Grade ETF Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VRIG. KMG Fiduciary Partners LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 32.8% in the 4th quarter. KMG Fiduciary Partners LLC now owns 231,516 shares of the company’s stock valued at $5,811,000 after acquiring an additional 57,137 shares in the last quarter. Laffer Tengler Investments Inc. grew its position in Invesco Variable Rate Investment Grade ETF by 118.3% during the 3rd quarter. Laffer Tengler Investments Inc. now owns 189,370 shares of the company’s stock worth $4,753,000 after purchasing an additional 102,628 shares in the last quarter. Vectors Research Management LLC raised its stake in Invesco Variable Rate Investment Grade ETF by 8.6% during the 4th quarter. Vectors Research Management LLC now owns 342,509 shares of the company’s stock valued at $8,597,000 after purchasing an additional 27,154 shares during the period. Cherry Creek Investment Advisors Inc. raised its stake in Invesco Variable Rate Investment Grade ETF by 3.1% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 696,853 shares of the company’s stock valued at $17,491,000 after purchasing an additional 21,021 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 19.2% in the fourth quarter. HighTower Advisors LLC now owns 398,615 shares of the company’s stock valued at $10,005,000 after purchasing an additional 64,308 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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.