Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Strong Trading Volume – Time to Buy?

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw strong trading volume on Monday . 1,445,686 shares changed hands during trading, an increase of 329% from the previous session’s volume of 336,647 shares.The stock last traded at $24.90 and had previously closed at $25.03.

Invesco Variable Rate Investment Grade ETF Stock Up 0.2 %

The company’s 50 day moving average price is $25.10 and its two-hundred day moving average price is $25.11.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.0986 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in Invesco Variable Rate Investment Grade ETF by 485.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,451 shares of the company’s stock worth $87,000 after purchasing an additional 2,862 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at about $87,000. Golden State Wealth Management LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth about $100,000. NBC Securities Inc. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 105,360.0% in the first quarter. NBC Securities Inc. now owns 5,273 shares of the company’s stock worth $132,000 after buying an additional 5,268 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 6,365.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,465 shares of the company’s stock valued at $162,000 after buying an additional 6,365 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.