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

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw unusually-high 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 Stock Down 0.0%

The business’s 50 day moving average price is $25.08 and its two-hundred day moving average price is $25.09.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 24th will be given a $0.0912 dividend. The ex-dividend date is Monday, August 24th.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Several hedge funds have recently modified their holdings of VRIG. Richmond Investment Services LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 2.3% in the 4th quarter. Richmond Investment Services LLC now owns 21,303 shares of the company’s stock worth $535,000 after buying an additional 471 shares in the last quarter. Blair William & Co. IL grew its holdings in Invesco Variable Rate Investment Grade ETF by 5.7% during the fourth quarter. Blair William & Co. IL now owns 8,871 shares of the company’s stock worth $223,000 after acquiring an additional 476 shares during the period. Centurion Wealth Management LLC grew its holdings in Invesco Variable Rate Investment Grade ETF by 0.6% during the second quarter. Centurion Wealth Management LLC now owns 86,304 shares of the company’s stock worth $2,164,000 after acquiring an additional 522 shares during the period. Global Retirement Partners LLC raised its position in Invesco Variable Rate Investment Grade ETF by 3.8% in the fourth quarter. Global Retirement Partners LLC now owns 15,452 shares of the company’s stock worth $388,000 after acquiring an additional 568 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in Invesco Variable Rate Investment Grade ETF by 2.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 21,722 shares of the company’s stock worth $545,000 after acquiring an additional 619 shares in the last quarter.

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.