Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Large Volume Increase – Still a Buy?

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw unusually-strong trading volume on Tuesday . Approximately 3,513,216 shares were traded during mid-day trading, an increase of 993% from the previous session’s volume of 321,466 shares.The stock last traded at $25.14 and had previously closed at $25.14.

Invesco Variable Rate Investment Grade ETF Price Performance

The stock has a 50-day simple moving average of $25.13 and a 200-day simple moving average of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

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

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Institutional investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 15.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 30,000 shares of the company’s stock worth $753,000 after purchasing an additional 4,000 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Invesco Variable Rate Investment Grade ETF by 57.2% in the third quarter. Advisors Asset Management Inc. now owns 19,099 shares of the company’s stock worth $479,000 after purchasing an additional 6,948 shares in the last quarter. Concorde Asset Management LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the third quarter valued at $202,000. Benjamin Edwards Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF in the third quarter valued at about $1,639,000. Finally, HighTower Advisors LLC increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 12.4% in the third 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 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.