Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Large Volume Increase – What’s Next?

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw an uptick in trading volume on Friday . 2,860,540 shares changed hands during trading, an increase of 960% from the previous session’s volume of 269,960 shares.The stock last traded at $25.16 and had previously closed at $25.14.

Invesco Variable Rate Investment Grade ETF Stock Up 0.1 %

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

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a $0.1325 dividend. The ex-dividend date was Monday, December 23rd. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous dividend of $0.12.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

A number of hedge funds and other institutional investors have recently modified their holdings of VRIG. LPL Financial LLC boosted its position in Invesco Variable Rate Investment Grade ETF by 22.5% during the 2nd quarter. LPL Financial LLC now owns 2,698,211 shares of the company’s stock valued at $67,833,000 after acquiring an additional 495,070 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Invesco Variable Rate Investment Grade ETF by 31.5% during the second quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock valued at $12,988,000 after purchasing an additional 123,707 shares in the last quarter. Inspire Advisors LLC purchased a new position in Invesco Variable Rate Investment Grade ETF in the second quarter valued at about $287,000. J.W. Cole Advisors Inc. raised its holdings in Invesco Variable Rate Investment Grade ETF by 15.1% in the second quarter. J.W. Cole Advisors Inc. now owns 38,395 shares of the company’s stock worth $965,000 after purchasing an additional 5,040 shares in the last quarter. Finally, ICA Group Wealth Management LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 651.0% during the second quarter. ICA Group Wealth Management LLC now owns 85,424 shares of the company’s stock valued at $2,148,000 after buying an additional 74,049 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.