Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Strong Trading Volume

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw an uptick in trading volume on Friday . 327,075 shares were traded during mid-day trading, an increase of 6% from the previous session’s volume of 307,557 shares.The stock last traded at $25.14 and had previously closed at $25.12.

Invesco Variable Rate Investment Grade ETF Stock Up 0.1 %

The stock’s fifty day moving average price is $25.13 and its two-hundred day moving average price is $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 19th were paid a $0.126 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.51 dividend on an annualized basis and a yield of 6.01%.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Several hedge funds and other institutional investors have recently modified their holdings of VRIG. LPL Financial LLC boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 22.5% during the second quarter. LPL Financial LLC now owns 2,698,211 shares of the company’s stock valued at $67,833,000 after purchasing an additional 495,070 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at approximately $47,574,000. Fiduciary Planning LLC increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 5.2% in the 2nd quarter. Fiduciary Planning LLC now owns 999,318 shares of the company’s stock worth $25,123,000 after purchasing an additional 49,748 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 31.5% in the second quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock worth $12,988,000 after purchasing an additional 123,707 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 102.2% during the second quarter. Total Clarity Wealth Management Inc. now owns 483,064 shares of the company’s stock valued at $12,144,000 after buying an additional 244,202 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.