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

Shares of Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw an uptick in trading volume on Friday . 304,464 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 294,496 shares.The stock last traded at $25.17 and had previously closed at $25.16.

Invesco Variable Rate Investment Grade ETF Price Performance

The firm’s 50 day moving average is $25.12 and its 200 day moving average is $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend was Monday, October 21st.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Several large investors have recently bought and sold shares of VRIG. NBC Securities Inc. raised its holdings in Invesco Variable Rate Investment Grade ETF by 34.7% in the third quarter. NBC Securities Inc. now owns 5,181 shares of the company’s stock worth $129,000 after purchasing an additional 1,335 shares in the last quarter. Advisors Asset Management Inc. increased its position in Invesco Variable Rate Investment Grade ETF by 168.3% during the 1st quarter. Advisors Asset Management Inc. now owns 6,461 shares of the company’s stock valued at $162,000 after buying an additional 4,053 shares in the last quarter. Concorde Asset Management LLC bought a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at approximately $202,000. Prevail Innovative Wealth Advisors LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the first quarter valued at $215,000. Finally, Inspire Advisors LLC bought a new stake in Invesco Variable Rate Investment Grade ETF in the second quarter worth $287,000.

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.