Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Reaches New 1-Year Low – Here’s What Happened

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) reached a new 52-week low on Monday . The company traded as low as $25.05 and last traded at $25.06, with a volume of 23284 shares. The stock had previously closed at $25.16.

Invesco Variable Rate Investment Grade ETF Stock Down 0.4 %

The business has a fifty day moving average of $25.13 and a two-hundred day 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. Investors of record on Monday, February 24th were issued 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

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 485.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,451 shares of the company’s stock valued at $87,000 after acquiring an additional 2,862 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at approximately $87,000. Golden State Wealth Management LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at approximately $100,000. Tower Research Capital LLC TRC raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 6,365.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,465 shares of the company’s stock valued at $162,000 after acquiring an additional 6,365 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at approximately $197,000.

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.