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

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw strong trading volume on Wednesday . 719,663 shares changed hands during mid-day trading, an increase of 121% from the previous session’s volume of 325,140 shares.The stock last traded at $25.07 and had previously closed at $25.06.

Invesco Variable Rate Investment Grade ETF Price Performance

The business’s 50 day moving average is $25.12 and its two-hundred day moving average is $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a $0.0986 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC raised its position in Invesco Variable Rate Investment Grade ETF by 28.7% during the fourth quarter. LPL Financial LLC now owns 3,288,316 shares of the company’s stock valued at $82,586,000 after purchasing an additional 732,516 shares in the last quarter. Fiduciary Planning LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 2.1% during the 4th quarter. Fiduciary Planning LLC now owns 1,049,404 shares of the company’s stock valued at $26,356,000 after purchasing an additional 21,617 shares during the last quarter. Lunt Capital Management Inc. raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 93.9% during the 4th quarter. Lunt Capital Management Inc. now owns 847,989 shares of the company’s stock valued at $21,297,000 after buying an additional 410,593 shares in the last quarter. Cherry Creek Investment Advisors Inc. lifted its position in Invesco Variable Rate Investment Grade ETF by 11.1% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 625,042 shares of the company’s stock worth $15,698,000 after buying an additional 62,428 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Invesco Variable Rate Investment Grade ETF by 12.4% in the third quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock worth $14,576,000 after buying an additional 63,859 shares in 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.