Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Hits New 12-Month High at $25.19

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)’s share price reached a new 52-week high on Monday . The company traded as high as $25.19 and last traded at $25.17, with a volume of 855902 shares traded. The stock had previously closed at $25.17.

Invesco Variable Rate Investment Grade ETF Price Performance

The stock has a 50-day moving average price of $25.11 and a two-hundred day moving average price of $25.03.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were given a $0.1304 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 6.21%.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

A number of institutional investors have recently made changes to their positions in VRIG. Fortis Capital Advisors LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth $27,000. UBS Group AG acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 2nd quarter worth $28,000. Vima LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth $30,000. Belpointe Asset Management LLC boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 42.6% in the 1st quarter. Belpointe Asset Management LLC now owns 1,561 shares of the company’s stock worth $39,000 after purchasing an additional 466 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Invesco Variable Rate Investment Grade ETF by 96.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,453 shares of the company’s stock worth $61,000 after acquiring an additional 1,203 shares during 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.