Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Unusually-High Trading Volume – Should You Buy?

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw strong trading volume on Wednesday . 719,663 shares were traded during mid-day trading, an increase of 121% from the previous session’s volume of 325,140 shares.The stock last traded at $25.07 and had previously closed at $25.06.

Invesco Variable Rate Investment Grade ETF Price Performance

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

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a dividend of $0.0986 per share. The ex-dividend date of this dividend is Monday, March 24th.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

A number of large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 19.9% in the fourth quarter. Bank of New York Mellon Corp now owns 393,752 shares of the company’s stock worth $9,889,000 after purchasing an additional 65,230 shares during the last quarter. Truist Financial Corp bought a new stake in Invesco Variable Rate Investment Grade ETF in the 4th quarter worth $208,000. HighTower Advisors LLC grew its holdings in Invesco Variable Rate Investment Grade ETF by 12.4% in the 3rd quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock worth $14,576,000 after acquiring an additional 63,859 shares during the last quarter. Resurgent Financial Advisors LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 2.6% in the third quarter. Resurgent Financial Advisors LLC now owns 21,192 shares of the company’s stock valued at $532,000 after acquiring an additional 534 shares during the period. Finally, Benjamin Edwards Inc. bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the third quarter valued at about $1,639,000.

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.