Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Hits New 52-Week Low – Time to Sell?

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) reached a new 52-week low during trading on Monday. The company traded as low as $25.00 and last traded at $25.0250, with a volume of 173732 shares traded. The stock had previously closed at $25.03.

Invesco Variable Rate Investment Grade ETF Stock Performance

The firm’s 50-day moving average is $25.07 and its two-hundred day moving average is $25.08.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a dividend of $0.0912 per share. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. The ex-dividend date was Monday, September 21st. This represents a $1.09 annualized dividend and a yield of 4.4%.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% during the first quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock worth $35,000 after purchasing an additional 1,411 shares in the last quarter. Evolution Wealth Management Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF in the 1st quarter valued at $49,000. Harbor Asset Planning Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF in the 1st quarter valued at $80,000. NorthLanding Financial Partners LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the 2nd quarter worth $131,000. Finally, Matrix Private Capital Group LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the 1st quarter worth $145,000.

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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.