Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Strong Trading Volume – Here’s Why

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) shares saw an uptick in trading volume on Friday . Approximately 252,652 shares traded hands during mid-day trading, a decline of 46% from the previous session’s volume of 472,171 shares.The stock last traded at $25.05 and had previously closed at $25.06.

Invesco Variable Rate Investment Grade ETF Trading Down 0.0%

The firm’s 50 day moving average is $25.08 and its 200 day moving average is $25.09.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 24th will be given a dividend of $0.0912 per share. The ex-dividend date is Monday, August 24th.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC raised 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 during the period. PNC Financial Services Group Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF in the 4th quarter worth about $35,000. Evolution Wealth Management Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF in the 1st quarter worth about $49,000. Harbor Asset Planning Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF in the 1st quarter worth about $80,000. Finally, NorthLanding Financial Partners LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the 2nd quarter worth about $131,000.

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.