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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw an uptick in trading volume on Tuesday . 781,851 shares were traded during mid-day trading, an increase of 141% from the previous session’s volume of 324,671 shares.The stock last traded at $25.12 and had previously closed at $25.12.

Invesco Variable Rate Investment Grade ETF Stock Down 0.0 %

The business has a 50 day simple moving average of $25.13 and a 200 day simple moving average of $25.12.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were issued a $0.1041 dividend. The ex-dividend date was Monday, February 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VRIG. LPL Financial LLC increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 28.7% in the fourth quarter. LPL Financial LLC now owns 3,288,316 shares of the company’s stock valued at $82,586,000 after purchasing an additional 732,516 shares during the period. Lunt Capital Management Inc. increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 93.9% in the fourth quarter. Lunt Capital Management Inc. now owns 847,989 shares of the company’s stock valued at $21,297,000 after purchasing an additional 410,593 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at about $5,525,000. Blue Capital Inc. acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at about $3,032,000. Finally, Uniting Wealth Partners LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at about $2,925,000.

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.